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BBA home financing setting in Malaysia

In Malaysia, the issues of home purchasing processes is seen as a complicated and subjective issues as the rapid urbanization in Malaysia seems have strived developer competing with each other to attract public interest in home financing despite providing alternative attractive packages in order to...

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Main Authors: Mohd Zulkifli Muhammad, Minah Japang, Zakiah Hassan
Format: Book Section
Language:English
Published: Universiti Malaysia Sabah, Malaysia 2011
Online Access:http://discol.umk.edu.my/id/eprint/8513/1/Book%20Chapter%201.pdf
http://discol.umk.edu.my/id/eprint/8513/
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spelling my.umk.eprints.85132022-05-23T14:53:41Z http://discol.umk.edu.my/id/eprint/8513/ BBA home financing setting in Malaysia Mohd Zulkifli Muhammad Minah Japang Zakiah Hassan In Malaysia, the issues of home purchasing processes is seen as a complicated and subjective issues as the rapid urbanization in Malaysia seems have strived developer competing with each other to attract public interest in home financing despite providing alternative attractive packages in order to increase their sales. During the 1997 Asian Financial Crisis, home financing activities seems to be deliberately slow as the result of higher interest rates, depressed housing prices, rising unemployment and declining incomes. In addition the quality of property loan was more affected than individual mortgage loan, which proved elastic to external shocks even when credit underwriting conditions were stretched. The fundamental purpose of this paper is to examine two approaches of home financing option namely conventional housing payment and Bai Bithaman Ajil (BBA) financing in the context of housing market. BBA home financing is an Islamic housing payment facility, which is based on the Syariah concept of Bai Bithaman Ajil or in short BBA. It is a unique contract of deferred payment sale on Islamic home financing. Here, we look into the concurrent conventional home financing activities offered by the conventional banking system and Islamic home financing offered by Islamic banks. The study carried out descriptive statistics in comparing the two home financing options as well as look through the involvement of government support housing finance agencies. Universiti Malaysia Sabah, Malaysia 2011 Book Section NonPeerReviewed text en http://discol.umk.edu.my/id/eprint/8513/1/Book%20Chapter%201.pdf Mohd Zulkifli Muhammad and Minah Japang and Zakiah Hassan (2011) BBA home financing setting in Malaysia. In: Busniness and finance : emerging issues. Universiti Malaysia Sabah, Malaysia, pp. 69-84. ISBN 9789675224799
institution Universiti Malaysia Kelantan
building Perpustakaan Universiti Malaysia Kelantan
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Kelantan
content_source UMK Institutional Repository
url_provider http://umkeprints.umk.edu.my/
language English
description In Malaysia, the issues of home purchasing processes is seen as a complicated and subjective issues as the rapid urbanization in Malaysia seems have strived developer competing with each other to attract public interest in home financing despite providing alternative attractive packages in order to increase their sales. During the 1997 Asian Financial Crisis, home financing activities seems to be deliberately slow as the result of higher interest rates, depressed housing prices, rising unemployment and declining incomes. In addition the quality of property loan was more affected than individual mortgage loan, which proved elastic to external shocks even when credit underwriting conditions were stretched. The fundamental purpose of this paper is to examine two approaches of home financing option namely conventional housing payment and Bai Bithaman Ajil (BBA) financing in the context of housing market. BBA home financing is an Islamic housing payment facility, which is based on the Syariah concept of Bai Bithaman Ajil or in short BBA. It is a unique contract of deferred payment sale on Islamic home financing. Here, we look into the concurrent conventional home financing activities offered by the conventional banking system and Islamic home financing offered by Islamic banks. The study carried out descriptive statistics in comparing the two home financing options as well as look through the involvement of government support housing finance agencies.
format Book Section
author Mohd Zulkifli Muhammad
Minah Japang
Zakiah Hassan
spellingShingle Mohd Zulkifli Muhammad
Minah Japang
Zakiah Hassan
BBA home financing setting in Malaysia
author_facet Mohd Zulkifli Muhammad
Minah Japang
Zakiah Hassan
author_sort Mohd Zulkifli Muhammad
title BBA home financing setting in Malaysia
title_short BBA home financing setting in Malaysia
title_full BBA home financing setting in Malaysia
title_fullStr BBA home financing setting in Malaysia
title_full_unstemmed BBA home financing setting in Malaysia
title_sort bba home financing setting in malaysia
publisher Universiti Malaysia Sabah, Malaysia
publishDate 2011
url http://discol.umk.edu.my/id/eprint/8513/1/Book%20Chapter%201.pdf
http://discol.umk.edu.my/id/eprint/8513/
_version_ 1763303995025129472
score 13.211869

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