"Riba in La-riba contracts: where to turn in Islamic home financing?

Zubair Hasan

MPRA Paper from University Library of Munich, Germany

Abstract: This note demonstrates that the Msharakah Mutanaqisa home financing model is worsethan the conventional interest bearing loan financing; it is not only based oncompounding of return italso passes the ownership to the customer at a slower rate. The purpose is to draw attention of the Shari'ah scholars, bankers and regulators of Islamic bankers with a view to elisit comments for editing before its publication.

Keywords: Islamic ban on interest, Compounding of return on investment; Islamic verdict (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2012-04-15
New Economics Papers: this item is included in nep-ara and nep-cwa
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Published in Journal of Islamic Banking and Finance 3.29(2012): pp. 1-12

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https://mpra.ub.uni-muenchen.de/38166/1/MPRA_paper_38166.pdf original version (application/pdf)

Related works:
Working Paper: Riba in La-riba contracts:where to turn in Islamic home financing? (2011)
Working Paper: Riba in La-riba contracts: where to turn in Islamic home financing? (2011)
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