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Response to Meera’s critique of the ZDBM


  • Hasan, Zubair


This paper responds to the criticism of the Zubair Diminishing Balance model for Islamic home financing that Ahmad Kameel Meera published in the ISRA Journal. The response argues that most of the comments of Meera are frivolous and misplaced. It reiterates that the ZDBM is much different from other models; it is cheaper for the customer without being costlier to the bank. more efficient in resource allocation and improves liquidity in the financial system. However, the mathematical appendix is a positive contribution of the paper.

Suggested Citation

  • Hasan, Zubair, 2013. "Response to Meera’s critique of the ZDBM," MPRA Paper 43747, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:43747

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    References listed on IDEAS

    1. Hasan, Zubair, 2012. "Excel formula and Islamic norms for home financing," MPRA Paper 42835, University Library of Munich, Germany.
    2. Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2007. "Mortgage contracts and housing tenure decisions," Working Papers 2007-040, Federal Reserve Bank of St. Louis.
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    More about this item


    Islamic home financing; conventional model; BBA; MMP; ZDBM; Segmental murabahah;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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