Cover Image

Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview

Owning a house is a dream that every individual cherishes. In Malaysia, both the banking sector and the government have expended relentless efforts to ensure Malaysians have access to financing to acquire and own affordable houses. These efforts are however being derailed by alarming cases of abando...

Full description

Saved in:
Bibliographic Details
Main Authors: Abdul Razak, Dzuljastri, Mohammed , Mustafa Omar, Tarique, Kazi Md.
Format: Conference or Workshop Item
Language:English
English
Published: ELSEVIER 2015
Subjects:
HG4001 Financial management. Business finance. Corporation finance.
Online Access:http://irep.iium.edu.my/44616/9/abonded_housing_project.pdf
http://irep.iium.edu.my/44616/12/44616_abondoned_housing_project.pdf
http://irep.iium.edu.my/44616/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.44616
record_format dspace
spelling my.iium.irep.446162016-04-20T05:42:28Z http://irep.iium.edu.my/44616/ Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview Abdul Razak, Dzuljastri Mohammed , Mustafa Omar Tarique, Kazi Md. HG4001 Financial management. Business finance. Corporation finance. Owning a house is a dream that every individual cherishes. In Malaysia, both the banking sector and the government have expended relentless efforts to ensure Malaysians have access to financing to acquire and own affordable houses. These efforts are however being derailed by alarming cases of abandoned housing projects (AHPs) that have affected a substantial number of house buyers. Several reasons have been cited for the AHPs. The issues of the Islamic banking debt based home financing products have remained prominent. The literature argues that these products such as BBA and Tawarruq have imbedded features of transferring risks and liabilities to home buyers. This problem becomes acute in cases of AHPs. Musharakah Mutanaqisah or Diminishing Partnership (DP) is suggested as a superior option for Islamic home financing schemes. However, there is hardly any work that has investigated the extent to which DP can provide remedy to addressing the problem of abandoned housing projects. The present paper adopts content analysis and has shown that DP has a bright prospect of mitigating the problem of abandoned housing projects. The paper concludes with suggestions for the future research. Keywords: Diminishing partnership; abandoned housing; Islamic banking ELSEVIER 2015-08-17 Conference or Workshop Item REM application/pdf en http://irep.iium.edu.my/44616/9/abonded_housing_project.pdf application/pdf en http://irep.iium.edu.my/44616/12/44616_abondoned_housing_project.pdf Abdul Razak, Dzuljastri and Mohammed , Mustafa Omar and Tarique, Kazi Md. (2015) Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview. In: The IVth International Accounting and Business Conference (IABC) 2015, 17-18 Aug 2015, Putrajaya, Malaysia.
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HG4001 Financial management. Business finance. Corporation finance.
spellingShingle HG4001 Financial management. Business finance. Corporation finance.
Abdul Razak, Dzuljastri
Mohammed , Mustafa Omar
Tarique, Kazi Md.
Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview
description Owning a house is a dream that every individual cherishes. In Malaysia, both the banking sector and the government have expended relentless efforts to ensure Malaysians have access to financing to acquire and own affordable houses. These efforts are however being derailed by alarming cases of abandoned housing projects (AHPs) that have affected a substantial number of house buyers. Several reasons have been cited for the AHPs. The issues of the Islamic banking debt based home financing products have remained prominent. The literature argues that these products such as BBA and Tawarruq have imbedded features of transferring risks and liabilities to home buyers. This problem becomes acute in cases of AHPs. Musharakah Mutanaqisah or Diminishing Partnership (DP) is suggested as a superior option for Islamic home financing schemes. However, there is hardly any work that has investigated the extent to which DP can provide remedy to addressing the problem of abandoned housing projects. The present paper adopts content analysis and has shown that DP has a bright prospect of mitigating the problem of abandoned housing projects. The paper concludes with suggestions for the future research. Keywords: Diminishing partnership; abandoned housing; Islamic banking
format Conference or Workshop Item
author Abdul Razak, Dzuljastri
Mohammed , Mustafa Omar
Tarique, Kazi Md.
author_facet Abdul Razak, Dzuljastri
Mohammed , Mustafa Omar
Tarique, Kazi Md.
author_sort Abdul Razak, Dzuljastri
title Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview
title_short Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview
title_full Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview
title_fullStr Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview
title_full_unstemmed Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview
title_sort abandoned housing projects in malaysia and the prospect of diminishing partnership: an overview
publisher ELSEVIER
publishDate 2015
url http://irep.iium.edu.my/44616/9/abonded_housing_project.pdf
http://irep.iium.edu.my/44616/12/44616_abondoned_housing_project.pdf
http://irep.iium.edu.my/44616/
_version_ 1643612607559499776
score 13.211869

Similar Items