Perception of stakeholders on abandoned housing projects in Malaysia

Mohd Ariffin, Noraini and Abdul Razak, Dzuljastri and Mohamed Imtiyaz, Mohamed Noorden (2019) Perception of stakeholders on abandoned housing projects in Malaysia. International Journal of Islamic Economics and Finance, 2 (1). pp. 131-148. ISSN 2622-3562 E-ISSN 2622-4372

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Abstract

Home is a basic necessity for everyone. However, one of the major issues affecting the construction industry in Malaysia today is that of abandoned housing projects. This issue has caused sufferings to the individuals and society. Several reasons have been cited for the abandoned housing projects, which include the debt financing structure, lack of justice and fairness, and weak regulatory system. The issues of the Islamic banking debtbased home financing products have remained prominent. There are also other issues such as role of the authority in addressing the situations. This study used mixed method of surveys and interviews in determining the perceptions of stakeholders regarding abandoned housing projects in Malaysia. The outcome of study highlights various prospects of mitigating the problem of abandoned housing projects. The findings show that the main cause of abandoned housing project from the interview with the relevant stakeholders is still due to insufficient legal provisions and protection to avoid and prevent abandonment of the housing projects, which is consistent with the previous studies.

Item Type:	Article (Journal)
Additional Information:	1616/84983
Uncontrolled Keywords:	abandoned housing projects; causes; Islamic banks; regulations
Subjects:	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 Economics and Management Sciences > Department of Accounting Kulliyyah of Economics and Management Sciences
Depositing User:	Dr. Noraini Mohd. Ariffin
Date Deposited:	27 Nov 2020 09:37
Last Modified:	27 Nov 2020 09:37
URI:	http://irep.iium.edu.my/id/eprint/84983

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