Staff View: Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.

Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.

Islamic Home Financing in Malaysia was governed by two different laws namely Civil law and Shariah law. Due to its fast development in Malaysia, many Islamic banking products such as Al- Bai' Bithaman Ajil, Musharakah Mutanaqisah, Tawarruq and Ijarah had been introduced to attract customer'...

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Main Authors:	Othman, Noor Fadila, Mohd Ashif, Siti Hajar, Khalid, Siti Hasnatul Najwa Perdana
Format:	Student Project
Language:	English
Published:	2012
Subjects:	Securities. Stocks. Bonds (Islamic law). Trust investments
Online Access:	http://ir.uitm.edu.my/id/eprint/37042/1/37042.pdf http://ir.uitm.edu.my/id/eprint/37042/
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id	my.uitm.ir.37042
record_format	eprints
spelling	my.uitm.ir.370422020-11-19T02:29:10Z http://ir.uitm.edu.my/id/eprint/37042/ Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid. Othman, Noor Fadila Mohd Ashif, Siti Hajar Khalid, Siti Hasnatul Najwa Perdana Securities. Stocks. Bonds (Islamic law). Trust investments Islamic Home Financing in Malaysia was governed by two different laws namely Civil law and Shariah law. Due to its fast development in Malaysia, many Islamic banking products such as Al- Bai' Bithaman Ajil, Musharakah Mutanaqisah, Tawarruq and Ijarah had been introduced to attract customer's interest to play a part in such transaction. The purpose of this paper is to analyze the Shariah and civil laws that are applicable in dealing with Islamic home finance in Malaysia. The paper focused on the conflict arising due the deficiency of Islamic finance legal framework, differences between Islamic law and civil law and also the incomprehensiveness of the products offered which are not in compliance with the Shariah principles. The methodology used in this paper is library research by gathering the relevant information related to the topic from various sources mainly books, cases law, journals and legislation. Semi-structured interview also has been carried out with an academician, banking officer and also legal practitioner to obtain views regarding the issues arising in Islamic home financing. This paper found that Islamic home financing had given a major contribution to the economy of Malaysia but conflicts relating to it should be settled in order to enhance the Islamic banking facility. Thus, the paper is concluded by providing some recommendations to improve the Islamic home financing in Malaysia so that we could be a leading example to the rest of the world. 2012-12 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/37042/1/37042.pdf Othman, Noor Fadila and Mohd Ashif, Siti Hajar and Khalid, Siti Hasnatul Najwa Perdana (2012) Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid. [Student Project] (Unpublished)
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	Securities. Stocks. Bonds (Islamic law). Trust investments
spellingShingle	Securities. Stocks. Bonds (Islamic law). Trust investments Othman, Noor Fadila Mohd Ashif, Siti Hajar Khalid, Siti Hasnatul Najwa Perdana Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.
description	Islamic Home Financing in Malaysia was governed by two different laws namely Civil law and Shariah law. Due to its fast development in Malaysia, many Islamic banking products such as Al- Bai' Bithaman Ajil, Musharakah Mutanaqisah, Tawarruq and Ijarah had been introduced to attract customer's interest to play a part in such transaction. The purpose of this paper is to analyze the Shariah and civil laws that are applicable in dealing with Islamic home finance in Malaysia. The paper focused on the conflict arising due the deficiency of Islamic finance legal framework, differences between Islamic law and civil law and also the incomprehensiveness of the products offered which are not in compliance with the Shariah principles. The methodology used in this paper is library research by gathering the relevant information related to the topic from various sources mainly books, cases law, journals and legislation. Semi-structured interview also has been carried out with an academician, banking officer and also legal practitioner to obtain views regarding the issues arising in Islamic home financing. This paper found that Islamic home financing had given a major contribution to the economy of Malaysia but conflicts relating to it should be settled in order to enhance the Islamic banking facility. Thus, the paper is concluded by providing some recommendations to improve the Islamic home financing in Malaysia so that we could be a leading example to the rest of the world.
format	Student Project
author	Othman, Noor Fadila Mohd Ashif, Siti Hajar Khalid, Siti Hasnatul Najwa Perdana
author_facet	Othman, Noor Fadila Mohd Ashif, Siti Hajar Khalid, Siti Hasnatul Najwa Perdana
author_sort	Othman, Noor Fadila
title	Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.
title_short	Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.
title_full	Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.
title_fullStr	Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.
title_full_unstemmed	Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.
title_sort	islamic home financing in malaysia: conflicting issues arising in civil and shariah law / noor fadila othman, siti hajar mohd ashif and siti hasnatul najwa perdana khalid.
publishDate	2012
url	http://ir.uitm.edu.my/id/eprint/37042/1/37042.pdf http://ir.uitm.edu.my/id/eprint/37042/
_version_	1685651480309137408
score	13.211869

Islamic home financing in Malaysia: conflicting issues arising in civil and Shariah law / Noor Fadila Othman, Siti Hajar Mohd Ashif and Siti Hasnatul Najwa Perdana Khalid.

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