The Financing of Real Estate in Islamic Finance : A Critical Examination of the Bai-Bithaman Ajil and the Musharikah Mutanaqisah Models of Real Estate Financing
The Islamic response to the ever present need of home financing manifests itself predominantly in ‘Bai-Bithaman Ajil' (BBA) and ‘Musharakah Mutanaqisah' (MM) inter alia. They are both essentially structured concepts consisting of Murabahah in the case of BBA, and musharakah and Ijarah in the case of MM. Yet the viability and use of these mediums have been in contention across the Islamic financing world. The contention pivots itself on the Shariah non-conformity of the BBA, with many Middle Eastern Scholars contending that the BBA is antithetical to the Shariah, while there is general consensus with regards to the Shariah conformity of MM. The paper explores the modus operandi of both these models and assesses their ethical dimensions from a Shariah conformity standpoint
Year of publication: |
2013
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Authors: | Hameed, Irshad |
Publisher: |
[2013]: [S.l.] : SSRN |
Subject: | Islamisches Finanzsystem | Islamic finance | Immobilienfinanzierung | Real estate finance | Immobilienwirtschaft | Real estate industry | Immobilienmarkt | Real estate market | Großbritannien | United Kingdom |
Saved in:
freely available
Extent: | 1 Online-Ressource (11 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 25, 2013 erstellt |
Other identifiers: | 10.2139/ssrn.2362658 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013072213
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