Alternative mode to Islamic home financing
A Canadian-based cooperative is looking at forging a working relationship with a Malaysian cooperative to develop the musharakah mutanaqisah (diminishing partnership) mode for home financing. The initiative, discussed at a recent conference organised by the IIUM Institute of Islamic Banking and Fina...
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| Format: | Article |
| Language: | English English |
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Syed Hussain Publications Sdn. Bhd.
2009
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| Online Access: | http://irep.iium.edu.my/556/ http://irep.iium.edu.my/556/ http://irep.iium.edu.my/556/1/Alternative_mode_to_Islamic_home_financing.pdf http://irep.iium.edu.my/556/4/00000002.tif |
| Summary: | A Canadian-based cooperative is looking at forging a working relationship with a Malaysian cooperative to develop the musharakah mutanaqisah (diminishing partnership) mode for home financing. The initiative, discussed at a recent conference organised by the IIUM Institute of Islamic Banking and Finance (IIiBF), could possibly bring forward another venue for Islamic finance financing via the coperative movement. Dzuljastri Abdul Razak, a senior academic fellow at International Islamic University Malaysia's (IIUM) Kulliyah of Economics and Management Sciences discusses the issue. |
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