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Diminishing balance model for Islamic home finance: Final version

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Author Info

  • Hasan, Zubair

Abstract

This brief note supplements the argument of an earlier paper Islamic Home Financing: Current Models and a Proposal from Social Perspective”; it explains that the Diminishing Balance Model for Islamic home financing is operable in a Shari’ah compliant way even without the Islamic Banking laws accommodating the notion of constructive ownership as envisaged earlier. It further clarifies how the new model scores over the models currently being used for the purpose.

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File URL: http://mpra.ub.uni-muenchen.de/32766/
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File URL: http://mpra.ub.uni-muenchen.de/32780/
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File URL: http://mpra.ub.uni-muenchen.de/32792/
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File URL: http://mpra.ub.uni-muenchen.de/32793/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 32766.

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Date of creation: 10 Aug 2011
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Handle: RePEc:pra:mprapa:32766

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Related research

Keywords: Key words: Islamic home finance; interest based model; MMP model; Diminishing Balance model;

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Cited by:
  1. Hasan, Zubair, 2011. "Riba in La-riba contracts:where to turn in Islamic home financing?," MPRA Paper 34386, University Library of Munich, Germany.

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