"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: |
Web page: http://mpra.ub.uni-muenchen.de
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- Hasan, Zubair, 2011. "Diminishing balance model for Islamic home finance: Final version," MPRA Paper 32766, University Library of Munich, Germany.
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