Housing Redevelopment Schemes (HRS): Islamic green finance perspective

Khaliq, Ahmad (2025) Housing Redevelopment Schemes (HRS): Islamic green finance perspective. In: Islamic Finance and Sustainability: A Research Companion. Routledge, UK, pp. 193-208.

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Abstract

A considerable number of residential housing projects exhibit an antiquity exceedingly almost three decades. This temporal protraction raises concerns regarding the structural integrity of these buildings and underscores the compounded ramifications associated with their aged infrastructure. Islamic green-compliant financing plays centric role in offering dynamic schemes aimed to upscale the societal welfare holistically. Literature proves strong nexus exists between Islamic finance and green finance. This study intends to explore the viability of HRS (Housing Redevelopment Scheme) model in the redevelopment initiatives in Klang Valley, Malaysia. HRS model applying Shariah compliant arrangement has been proposed to efficiently deal with the issue. The research involves primary data which is collected from semi-structured interviews conducted with experts from various backgrounds. Thematic analysis was used to examine the data. Potentially the experts portray their support on the suitability of HRS model as it benefits the stakeholders on the housing sustainability, house quality improvement, addresses housing shortages, enhance neighborhood, and eventually brings economic prosper to the nation. This paper adds to the literature on Islamic green finance in cultivating sustainable development.

Item Type:	Book Chapter
Uncontrolled Keywords:	housing redevelopment schemes, Islamic green finance, green housing project
Subjects:	BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh > BPK36 Islamic law (General) H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Ahmad Khaliq
Date Deposited:	01 Jul 2025 11:51
Last Modified:	01 Jul 2025 11:51
URI:	http://irep.iium.edu.my/id/eprint/121423

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