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A Conflict Of Interest: Islamic Home Financing In America

Author

Listed:
  • Omar Nayeem
  • Mohamed Shiliwala
  • Wasim Shiliwala

Abstract

The rising Muslim population in the USA has fuelled an increase in the domestic demand for ‘’ finance. One of the prominent restrictions that imposes on financial practices is a prohibition on the payment and collection of riba, interest on loans. This paper examines the home financing models of three prominent Islamic financial institutions. It identifies the transaction models that these institutions use, explains the differences among these models and illustrates how each institution ‘sells’ its chosen approach to the public.

Suggested Citation

  • Omar Nayeem & Mohamed Shiliwala & Wasim Shiliwala, 2009. "A Conflict Of Interest: Islamic Home Financing In America," Economic Affairs, Wiley Blackwell, vol. 29(2), pages 22-27, June.
    • Handle: RePEc:bla:ecaffa:v:29:y:2009:i:2:p:22-27
    DOI: 10.1111/j.1468-0270.2009.01889.x
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    Cited by:

    1. Muhammad Ali & Syed Ali Raza & Chin-Hong Puah & Mohd Zaini Abd Karim, 2017. "Islamic home financing in Pakistan: a SEM-based approach using modified TPB model," Housing Studies, Taylor & Francis Journals, vol. 32(8), pages 1156-1177, November.

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