Wan Mohd Assrudin, Wan Anis and Musaddad, Hafirda Akma and Zainol Abidin, Norazeela and Safiyudin, Fatin Syazwani and Abdul Rahim, Hafizah and Abdullah, Nuraini (2025) Innovative Shariah-Compliant Financing Solutions for Affordable Housing: Integrating Payment Technologies. International Journal of Islamic Business (IJIB), 10 (1). pp. 44-64. ISSN 0127-662X

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Abstract

and middle-income groups. However, rising living costs and the gap between household income and property prices continue to make homeownership unattainable for many. This study explores Shariah compliant financing models, including Murabaha, Ijara, and Diminishing Musharakah, to assess their relevance to housing affordability in Malaysia. It also analyzes the role of digital payment technologies such as blockchain, mobile banking, and peer-to-peer (P2P) lending in improving efficiency, accessibility, and cost-effectiveness in housing finance. Furthermore, the study examines the integration of Shariah-compliant principles with fintech innovations to address the housing affordability crisis and provides actionable insights for policymakers and financial institutions. Using a qualitative research approach, purposive sampling was employed to select experts in Islamic finance, fintech, and housing. Data were collected through semi-structured interviews and analyzed using thematic analysis to identify key themes related to integrating Shariah-compliant financing with digital payment technologies. The findings reveal that combining Shariah-compliant financial instruments with advanced payment technologies can significantly reduce housing costs, improve access to financing, and enhance operational efficiency. By fostering collaboration among stakeholders, these solutions promote financial inclusion and sustainable housing development. The study offers valuable insights for researchers, policymakers, and practitioners seeking ethical and innovative approaches to Malaysia’s housing affordability challenges, highlighting the transformative potential of Shariah-compliant payment technologies

Item Type:	Article
Uncontrolled Keywords:	Shariah-compliant Financing, Islamic Fintech, Affordable Housing, Payment Technology, Regulatory Support
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Divisions:	College of Business
Depositing User:	Mdm. Rozana Zakaria
Date Deposited:	25 Jan 2026 07:41
Last Modified:	25 Jan 2026 07:41
URI:	https://repo.uum.edu.my/id/eprint/32689

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