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إمكانية تطبيق المشاركة المتناقصة في التمويل العقاري في هونغ ليونغ إسلاميك بنك = The possibility of implementing Mushārakah Mutanāqiṣah contract in home financing at Hong Leong Islamic Bank

Zulqarnain, Aisyah Humairah and Zakariyah, Luqman (2019) إمكانية تطبيق المشاركة المتناقصة في التمويل العقاري في هونغ ليونغ إسلاميك بنك = The possibility of implementing Mushārakah Mutanāqiṣah contract in home financing at Hong Leong Islamic Bank. International Journal of Fiqh and Usul Al-Fiqh Studies (IJFUS), 3 (2). pp. 31-46. E-ISSN 2600-8408

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Abstract

Mushārakah Mutanāqiṣah (MM) or Diminishing Partnership is one of the financing contracts that comply with Shariah and many Malaysian Islamic banks have introduced this mode of contract into their home financing product except Hong Leong Islamic Bank and some other Islamic banks who have not yet done so. Thus, this research intends to study the possibility of offering MM contract in Islamic Home Financing as a product at Hong Leong Islamic Bank. The researchers conducted a field study through several interviews with the staff working in the product development department and department of Shariah in some of the Malaysian Islamic banks. From the theoretical aspect, the researchers explain the concept of home financing, MM and the fiqh perspective of the subject in question. The responses received during the interviews are used to analyze the possibility of offering MM contract in Islamic Home Financing product at Hong Leong Islamic Bank. This research concludes that there is a possibility for Hong Leong Islamic Bank to do so, should it consider some suggestions presented in this paper.

Item Type: Article (Journal)
Additional Information: 6964/80270
Uncontrolled Keywords: المشاركة المتناقصة، التمويل العقاري، هوغ ليوغ إسلاميك بنك., Mushārakah Mutanāqiṣah, Home Financing, Hong Leong Islamic Bank.
Subjects: BPH Islamic Economics
BPH Islamic Economics > BPH754.3 Mudharabah - Trust Financing
BPH Islamic Economics > BPH754.5 Musharakah Al-Mutanaqisah - Diminishing Partnership
H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Islamic Revealed Knowledge and Human Sciences
Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User: Dr Luqman Zakariyah
Date Deposited: 28 Apr 2020 10:23
Last Modified: 28 Apr 2020 10:32
URI: http://irep.iium.edu.my/id/eprint/80270

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