Diminishing balance model for Islamic home finance: Final version

Zubair Hasan

MPRA Paper from University Library of Munich, Germany

Abstract: This brief note supplements the argument of an earlier paper Islamic Home Financing: Current Models and a Proposal from Social Perspective”; it explains that the Diminishing Balance Model for Islamic home financing is operable in a Shari’ah compliant way even without the Islamic Banking laws accommodating the notion of constructive ownership as envisaged earlier. It further clarifies how the new model scores over the models currently being used for the purpose.

Keywords: Key words: Islamic home finance; interest based model; MMP model; Diminishing Balance model (search for similar items in EconPapers)
JEL-codes: D14 G21 (search for similar items in EconPapers)
Date: 2011-08-10
New Economics Papers: this item is included in nep-ara and nep-ure
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Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/32766/1/MPRA_paper_32766.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/32780/1/MPRA_paper_32780.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/32792/1/MPRA_paper_32792.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/32793/1/MPRA_paper_32793.pdf revised version (application/pdf)

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