Cover Image

Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.]

Malaysia has always be at the forefront of Shariah-compliant financial products and is seeing a growth in Shariah or Islamic home financing. This paper investigates the most important factors need to be considered by home buyers in choosing Islamic Home Financing. Specifically, this paper examines h...

Full description

Saved in:
Bibliographic Details
Main Authors: Mohd Rashid, Siti Norbaya, Abd Rahman, Muhammad Abd Hadi, Che Yahya, Norliza Che, Md Rasid, Nor Farah
Format: Article
Language:English
Published: Faculty of Business and Management UiTM Shah Alam 2020
Subjects:
Theory and method of social science statistics
Pricing
Finance, Islamic
HM Sociology
Online Access:https://ir.uitm.edu.my/id/eprint/47140/1/47140.pdf
https://ir.uitm.edu.my/id/eprint/47140/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.47140
record_format eprints
spelling my.uitm.ir.471402022-07-04T06:59:02Z https://ir.uitm.edu.my/id/eprint/47140/ Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.] Mohd Rashid, Siti Norbaya Abd Rahman, Muhammad Abd Hadi Che Yahya, Norliza Che Md Rasid, Nor Farah Theory and method of social science statistics Pricing Finance, Islamic HM Sociology Malaysia has always be at the forefront of Shariah-compliant financial products and is seeing a growth in Shariah or Islamic home financing. This paper investigates the most important factors need to be considered by home buyers in choosing Islamic Home Financing. Specifically, this paper examines home buyers preference in choosing Islamic home financing beween Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM). Ignorance on Maqasid al Shariah in Islamic home financing led to misinterpretation, disruption, chaos, and trivial conflicts among the contracting parties. busines stransactions, particularly for Islamic There are three main variables that are being used to identify most influenced factor which are Shariah compliant, pricing, and equality. Data was collected via questionnaires from 100 homebuyers who are taking either BBA or MM’s home financing in Kota Bharu, Kelantan. Data was analysed using SPSS to analyse on Cronbach’s alpha, frequency analysis, mean analysis, independent samples T-test and ANOVA. All variables have a significant value towards preference on Islamic home financing, it meet the purpose of the Shariah (Maqasid al Shariah). MM home financing mode is more preferable based on Mean value as Shariah compliant and Equality shows a higher value compared to BBA. Findings are useful as it may help Islamic bank managers to enhance their planning for Isamic home financing products and develop effective strategies accordingly that benefit their customers. Faculty of Business and Management UiTM Shah Alam 2020-10 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/47140/1/47140.pdf Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.]. (2020) Advance in Business Research International Journal, 6 (2). pp. 19-29. ISSN (e-ISSN): 2462-1838
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 Theory and method of social science statistics
Pricing
Finance, Islamic
HM Sociology
spellingShingle Theory and method of social science statistics
Pricing
Finance, Islamic
HM Sociology
Mohd Rashid, Siti Norbaya
Abd Rahman, Muhammad Abd Hadi
Che Yahya, Norliza Che
Md Rasid, Nor Farah
Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.]
description Malaysia has always be at the forefront of Shariah-compliant financial products and is seeing a growth in Shariah or Islamic home financing. This paper investigates the most important factors need to be considered by home buyers in choosing Islamic Home Financing. Specifically, this paper examines home buyers preference in choosing Islamic home financing beween Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM). Ignorance on Maqasid al Shariah in Islamic home financing led to misinterpretation, disruption, chaos, and trivial conflicts among the contracting parties. busines stransactions, particularly for Islamic There are three main variables that are being used to identify most influenced factor which are Shariah compliant, pricing, and equality. Data was collected via questionnaires from 100 homebuyers who are taking either BBA or MM’s home financing in Kota Bharu, Kelantan. Data was analysed using SPSS to analyse on Cronbach’s alpha, frequency analysis, mean analysis, independent samples T-test and ANOVA. All variables have a significant value towards preference on Islamic home financing, it meet the purpose of the Shariah (Maqasid al Shariah). MM home financing mode is more preferable based on Mean value as Shariah compliant and Equality shows a higher value compared to BBA. Findings are useful as it may help Islamic bank managers to enhance their planning for Isamic home financing products and develop effective strategies accordingly that benefit their customers.
format Article
author Mohd Rashid, Siti Norbaya
Abd Rahman, Muhammad Abd Hadi
Che Yahya, Norliza Che
Md Rasid, Nor Farah
author_facet Mohd Rashid, Siti Norbaya
Abd Rahman, Muhammad Abd Hadi
Che Yahya, Norliza Che
Md Rasid, Nor Farah
author_sort Mohd Rashid, Siti Norbaya
title Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.]
title_short Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.]
title_full Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.]
title_fullStr Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.]
title_full_unstemmed Bai Bithaman Ajil (BBA) and Musharakah Mutanaqisah (MM): comparative analysis / Siti Norbaya Mohd Rashid …[et al.]
title_sort bai bithaman ajil (bba) and musharakah mutanaqisah (mm): comparative analysis / siti norbaya mohd rashid …[et al.]
publisher Faculty of Business and Management UiTM Shah Alam
publishDate 2020
url https://ir.uitm.edu.my/id/eprint/47140/1/47140.pdf
https://ir.uitm.edu.my/id/eprint/47140/
_version_ 1738513906377162752
score 13.211869

Similar Items