Does Musharakah Mutanaqisah converge with Bai Bithamin Ajil and conventional loans?

• Main Authors: Kashi, Aghilasse, Mohamad, Azhar
• Format: Article
• Language: English; English
• Published: Emerald Publishing Limited 2017
• Subjects: HG1501 Banking
• Online Access: http://irep.iium.edu.my/58478/1/IJLMA-04-2016-0044%20published.pdf; http://irep.iium.edu.my/58478/7/Does%20Musharakah%20Mutanaqisah%20converge%20with%20Bai%20Bithamin%20Ajil%20and%20conventional%20loans.docx.pdf; http://irep.iium.edu.my/58478/; http://www.emeraldinsight.com/doi/full/10.1108/IJLMA-04-2016-0044

This research examines the disputable Shari’ah and the technical issues underlying the implementation of the Musharakah Mutanaqisah Partnership (MMP) model in home financing by Islamic banks in Malaysia. It assesses whether this much-lauded facility is in line with Shari’ah rules and whether it dive...