Can an Islamic Model of Housing Finance Cooperative Elevate the Economic Status of the Underprivileged?

M. Shahid Ebrahim ()
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M. Shahid Ebrahim: Nottingham University Business School

No 08/04, Papers on Economics of Religion from Department of Economic Theory and Economic History of the University of Granada.

Abstract: This paper was refined during my sabbatical study at James Madison University (JMU). I appreciate the hospitality of JMU particularly that of Ehsan Ahmed. I have benefited from the critical comments of the participants of the seminars at James Madison University; University of Birmingham; University of Glasgow; the 2006 Conference on Computing in Economics and Finance (in Cyprus); the 2007 IIUM International Conference (in Malaysia); at the 2007 Workshop on Default Risk and Financial Distress (in Rennes, France), the 2007 Product Development and Management Association Conference (in Bangalore, India); the 2008 International Conference on Business and Finance (in Hyderabad, India); the 2008 International AREUEA Conference (in Istanbul, Turkey); the 2008 Workshop of European Network of the Economics of Religion (in Edinburgh, UK); and the 2008 Symposium on Religion, Markets and Society (in Nottingham, UK) on earlier drafts of the paper. I am also grateful to the following individuals for their helpful suggestions: Bruce Brunton, Humayon Dar, Mohammad Omar Farooq, Diana Mitlin, Kelly Morris, Peter Oliver, Barkley Rosser, Peer Smets, Ghulam Sorwar, Rafal Wojakowski and Robert Young. All remaining errors are mine.

Keywords: ASCRA; Asset Bubble; Mutual Bank; Inflation; Mortgage Design; and ROSCA. (search for similar items in EconPapers)
JEL-codes: C63 G21 G32 N25 O17 P13 R22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-mfd, nep-sea and nep-ure
Date: 2008-10-24
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