An analytical framework to examine shari'ah-compliant mortgage financing by cooperative financial institutions in Malaysia

Zabri, Zaidi and Abdul Razak, Dzuljastri and Mohamed, Mustafa Omar (2014) An analytical framework to examine shari'ah-compliant mortgage financing by cooperative financial institutions in Malaysia. In: 2nd Asean International Conference on Islamic Finance, 12th-14th November 2014, Yogyakarta. (Unpublished)

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Abstract

This paper presents an analytical framework for exploring and critically examining the supply side’s issues and challenges of offering Shari’ah-compliant mortgage financing by cooperative financial institutions in Malaysia. Concepts from five distinct theories (theory of credit cooperative, transaction costs theory, theory of credit rationing, agency theory, and stakeholder theory) are modified and integrated to form a hybrid, layered framework. It is then used as a ‘lens’ to highlight the issues pertaining to (business models and strategies, good governance, regulation and supervision, risk management, human resource management) which may influence the success of such product. The analytical framework presented is useful for relevant stakeholders within this milieu on how to manage the issues, challenges, and harnessing the prospects of Shari’ah-compliant mortgage financing products. Keywords: Shari’ah-compliant mortgage financing, cooperative financial institutions (CFI), analytical framework (AF)

Item Type:	Conference or Workshop Item (UNSPECIFIED)
Additional Information:	4433/39445
Uncontrolled Keywords:	Shari'ah-compliant Mortage Financing; Cooperative Financial Institutions (CFI)
Subjects:	H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Dzuljastri Abdul Razak
Date Deposited:	05 Dec 2014 14:52
Last Modified:	24 May 2018 14:07
URI:	http://irep.iium.edu.my/id/eprint/39445

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