Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects
Islamic Banking has been established since in the 1980s in Malaysia. Various Islamic Home Finance products have been introduced and practised in Malaysia. However, these products have been tainted with the issue of their inadequacy to deal with the issues of abandoned housing projects. This paper ai...
Saved in:
Main Author: | |
---|---|
Format: | Conference or Workshop Item |
Language: | English English |
Published: |
2017
|
Subjects: | |
Online Access: | http://repo.uum.edu.my/22910/1/BICSS2017.pdf http://repo.uum.edu.my/22910/2/BICSS2017_Keynote.pdf http://repo.uum.edu.my/22910/ |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my.uum.repo.22910 |
---|---|
record_format |
eprints |
spelling |
my.uum.repo.229102017-09-17T23:54:46Z http://repo.uum.edu.my/22910/ Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects Md Dahlan, Nuarrual Hilal BP Islam. Bahaism. Theosophy, etc HG Finance TH Building construction Islamic Banking has been established since in the 1980s in Malaysia. Various Islamic Home Finance products have been introduced and practised in Malaysia. However, these products have been tainted with the issue of their inadequacy to deal with the issues of abandoned housing projects. This paper aims to study the terms in the prevailing Islamic Home Finance products in Malaysia viz Bay’ Bithaman al-Ajil (BBA), Musharakah al-Mutanaqisah (‘MM’), Commodity Murabahah (‘CM’) and Ijarah Mausufah Fi Zimmah (‘IMFZ’) and how these products deal with the problems of abandoned housing projects. This paper used shariah (Islamic Law), legal doctrinal and qualitative social and textual analysis research methodologies. This paper finds that the current applicable terms in the said products are inadequate and warranted them to be replaced with terms that provide better equitable protection to the aggrieved purchasers in abandoned housing projects, comply with the shariah and dispense justice to the contracting parties. The outcome of this paper will improve the theory and practice of Islamic banking industry in dealing with this issue in Malaysia. 2017 Conference or Workshop Item NonPeerReviewed application/pdf en http://repo.uum.edu.my/22910/1/BICSS2017.pdf application/pdf en http://repo.uum.edu.my/22910/2/BICSS2017_Keynote.pdf Md Dahlan, Nuarrual Hilal (2017) Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects. In: Bogor International Conference for Social Sciences 2017 (BICSS 2017), 12-13 September 2017, Hotel Onih, Bogor City. (Unpublished) |
institution |
Universiti Utara Malaysia |
building |
UUM Library |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
Universiti Utara Malaysia |
content_source |
UUM Institutionali Repository |
url_provider |
http://repo.uum.edu.my/ |
language |
English English |
topic |
BP Islam. Bahaism. Theosophy, etc HG Finance TH Building construction |
spellingShingle |
BP Islam. Bahaism. Theosophy, etc HG Finance TH Building construction Md Dahlan, Nuarrual Hilal Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects |
description |
Islamic Banking has been established since in the 1980s in Malaysia. Various Islamic Home Finance products have been introduced and practised in Malaysia. However, these products have been tainted with the issue of their inadequacy to deal with the issues of abandoned housing projects. This paper aims to study the terms in the prevailing Islamic Home Finance products in Malaysia viz Bay’ Bithaman al-Ajil (BBA), Musharakah al-Mutanaqisah (‘MM’), Commodity Murabahah (‘CM’) and Ijarah Mausufah Fi Zimmah (‘IMFZ’) and how these products deal with the problems of abandoned housing projects. This paper used shariah (Islamic Law), legal doctrinal and qualitative social and textual analysis research methodologies. This paper finds that the current applicable terms in the said products are inadequate and warranted them to be replaced with terms that provide better equitable protection to the aggrieved purchasers in abandoned housing projects, comply with the shariah and dispense justice to the contracting parties. The outcome of this paper will improve the theory and practice of Islamic banking industry in dealing with this issue in Malaysia. |
format |
Conference or Workshop Item |
author |
Md Dahlan, Nuarrual Hilal |
author_facet |
Md Dahlan, Nuarrual Hilal |
author_sort |
Md Dahlan, Nuarrual Hilal |
title |
Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects |
title_short |
Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects |
title_full |
Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects |
title_fullStr |
Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects |
title_full_unstemmed |
Islamic home finance products in dealing with abandoned housing projects in Malaysia: features, issues, and prospects |
title_sort |
islamic home finance products in dealing with abandoned housing projects in malaysia: features, issues, and prospects |
publishDate |
2017 |
url |
http://repo.uum.edu.my/22910/1/BICSS2017.pdf http://repo.uum.edu.my/22910/2/BICSS2017_Keynote.pdf http://repo.uum.edu.my/22910/ |
_version_ |
1644283650969174016 |
score |
13.18916 |