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Kemungkiran pemaju dalam produk pembiayaan perumahan secara Islam: Analisis pendekatan penyelesaian


Shuib, Mohd Sollehudin and Mohamad, Mohamad Taqiuddin and Sulaiman, Ahmad Azam (2013) Kemungkiran pemaju dalam produk pembiayaan perumahan secara Islam: Analisis pendekatan penyelesaian. Jurnal Pengurusan, 38. pp. 141-149. ISSN 0127-2713

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Abstract

As of the end of 2010, banks that offer Islamic home financing products in Malaysia have diversified the use of muamalat contracts in offering their home financing products.The contracts include Bay ‘Bithaman Ajil (BBA), Murabahah, Musharakah Mutanaqisah, and Istisna`. More than 10 banks still use the BBA contract while others begin to focus on the use of equity-based financing contracts such as Musharakah Mutanaqisah. In Malaysia, sales of a house can take place even before the house is built or when it is still under construction. Therefore, Islamic home financing products must be offered through an appropriate contract to ensure they encompass fair and compassionate elements consistent with the Islamic rules.Selection of a proper contract is crucial to circumvent the stigma that Islamic banking is unjust in cases of abandoned houses. Hence, this article tries to see how this problem is addressed specifically in four Islamic products;Bay ‘Bithaman Ajil (BBA), Murabahah, Musharakah Mutanaqisah, and Istisna’.In its analysis, this study applies three methods; inductive, deductive and comparative methods. The results show that certain contracts are better than others in protecting customers from directly assuming the burden in cases of abandoned houses.

Item Type: Article
Additional Information: Developer defaults in Islamic home financing products: Analytical solution approach
Uncontrolled Keywords: Default developer; Islamic home financing products; Muamalat contracts
Subjects: H Social Sciences > HG Finance
Divisions: Islamic Business School
Depositing User: Dr. Mohd Sollehudin Shuib
Date Deposited: 20 Apr 2014 04:45
Last Modified: 19 Apr 2016 03:08
URI: http://repo.uum.edu.my/id/eprint/10512

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