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

Zubair Hasan

MPRA Paper from University Library of Munich, Germany

Abstract: Even as the BBA model has not made a complete exit from Islamic home financing, the musharkah mutanaqisa partnership (MMP) model is fast gaining popularity with the jurists and the bankers alike as a truly interest free alternative. This paper reproduces our earlier evidence that the MMP model is no different from the conventional home financing involving interest. In this context it refers to actual cases from some countries, especially the US, where MMP is gaining ground. We shall reiterate that our Diminishing Balance Model (DBM) in several ways over the MMP..

Keywords: Key words: Islam; home finance; interest based model; MMP model; DBM (search for similar items in EconPapers)
JEL-codes: D10 G20 (search for similar items in EconPapers)
Date: 2011-10-24
New Economics Papers: this item is included in nep-ara
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: "Riba in La-riba contracts: where to turn in Islamic home financing? (2012)
Working Paper: Riba in La-riba contracts: where to turn in Islamic home financing? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34386

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