Cover Image

Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri

Islamic financial institutions (IFIs) realize that they need to innovate and create new products in order to remain competitive with the conventional products. In introducing Islamic home financing, Islamic banking has used several Islamic concepts such as Ijarah (leasing), Istisna’ (purchase order)...

Full description

Saved in:
Bibliographic Details
Main Authors: Abdull Manaf, Azwina Wati, Mahyut, Siti Marshita, Shakri, Asfarina Kartika
Format: Article
Language:English
Published: Academy of Contemporary Islamic Studies (ACIS) 2017
Subjects:
Home banking services
Online Access:http://ir.uitm.edu.my/id/eprint/30339/1/30339.pdf
http://ir.uitm.edu.my/id/eprint/30339/
https://jcis.uitm.edu.my
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.30339
record_format eprints
spelling my.uitm.ir.303392020-05-12T04:51:51Z http://ir.uitm.edu.my/id/eprint/30339/ Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri Abdull Manaf, Azwina Wati Mahyut, Siti Marshita Shakri, Asfarina Kartika Home banking services Islamic financial institutions (IFIs) realize that they need to innovate and create new products in order to remain competitive with the conventional products. In introducing Islamic home financing, Islamic banking has used several Islamic concepts such as Ijarah (leasing), Istisna’ (purchase order) and Musharakah Mutanaqisah (partnership) to create more flexible products and provide more options for the people to choose the kind of products that suit them the most. Islamic home financing product is also considered as an alternative product to conventional housing loan with its own specialties to be discussed later. In introducing new product, Bank Negara Malaysia plays an important role in providing guidelines for the IFIs to adhere to in innovating or developing to serve the interest of the customers. This paper analyses in detail on how Islamic finance concepts are used and applied by the IFIs to introduce different types of home financing products. Academy of Contemporary Islamic Studies (ACIS) 2017 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/30339/1/30339.pdf Abdull Manaf, Azwina Wati and Mahyut, Siti Marshita and Shakri, Asfarina Kartika (2017) Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri. Journal of Contempory Islamic Studies, 3 (2). pp. 1-15. ISSN 0128-0902 https://jcis.uitm.edu.my
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Home banking services
spellingShingle Home banking services
Abdull Manaf, Azwina Wati
Mahyut, Siti Marshita
Shakri, Asfarina Kartika
Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri
description Islamic financial institutions (IFIs) realize that they need to innovate and create new products in order to remain competitive with the conventional products. In introducing Islamic home financing, Islamic banking has used several Islamic concepts such as Ijarah (leasing), Istisna’ (purchase order) and Musharakah Mutanaqisah (partnership) to create more flexible products and provide more options for the people to choose the kind of products that suit them the most. Islamic home financing product is also considered as an alternative product to conventional housing loan with its own specialties to be discussed later. In introducing new product, Bank Negara Malaysia plays an important role in providing guidelines for the IFIs to adhere to in innovating or developing to serve the interest of the customers. This paper analyses in detail on how Islamic finance concepts are used and applied by the IFIs to introduce different types of home financing products.
format Article
author Abdull Manaf, Azwina Wati
Mahyut, Siti Marshita
Shakri, Asfarina Kartika
author_facet Abdull Manaf, Azwina Wati
Mahyut, Siti Marshita
Shakri, Asfarina Kartika
author_sort Abdull Manaf, Azwina Wati
title Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri
title_short Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri
title_full Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri
title_fullStr Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri
title_full_unstemmed Analysis on Islamic home financing in Malaysia / Azwina Wati Abdull Manaf, Siti Marshita Mahyut and Asfarina Kartika Shakri
title_sort analysis on islamic home financing in malaysia / azwina wati abdull manaf, siti marshita mahyut and asfarina kartika shakri
publisher Academy of Contemporary Islamic Studies (ACIS)
publishDate 2017
url http://ir.uitm.edu.my/id/eprint/30339/1/30339.pdf
http://ir.uitm.edu.my/id/eprint/30339/
https://jcis.uitm.edu.my
_version_ 1685650641949556736
score 13.211869

Similar Items