An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia

Zabri, Zaidi and Abdul Razak, Dzuljastri and Mohamed, Mustafa Omar (2015) An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Journal of Islamic Finance, 4 (2). 018-030. ISSN 2289-2109 E-ISSN 2289-2117

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Abstract

This paper utilises an analytical framework to explore and critically examine issues and challenges of offering Shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Concepts from five distinct theories (Theory of Credit Cooperative, Transaction Costs Theory, Agency Theory, Stakeholder Theory, and Theory of Credit Rationing) are modified and integrated to form a hybrid, layered framework. This 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 mortgage financing. This analytical framework is useful for relevant stakeholders on how to manage the issues, challenges, and harnessing the prospects of Shari’ah-compliant mortgage financing products. © 2015 The IIUM Institute of Islamic Banking and Finance. Keywords: Shari’ah-compliant mortgage financing, financial cooperatives (FC), analytical framework (AF)

Item Type:	Article (Journal)
Additional Information:	4433/46315
Uncontrolled Keywords:	Shari’ah-compliant mortgage financing, financial cooperatives (FC), analytical framework (AF)
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG179 Personal 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:	17 Feb 2016 16:07
Last Modified:	23 May 2018 10:09
URI:	http://irep.iium.edu.my/id/eprint/46315

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