"Riba in La-riba contracts: where to turn in Islamic home financing?
This note demonstrates that the Msharakah Mutanaqisa home financing model is worsethan the conventional interest bearing loan financing; it is not only based oncompounding of return italso passes the ownership to the customer at a slower rate. The purpose is to draw attention of the Shari'ah scholars, bankers and regulators of Islamic bankers with a view to elisit comments for editing before its publication.
|Date of creation:||15 Apr 2012|
|Date of revision:|
|Publication status:||Published in Journal of Islamic Banking and Finance 3.29(2012): pp. 1-12|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hasan, Zubair, 2011. "Diminishing balance model for Islamic home finance: Final version," MPRA Paper 32766, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:38166. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.