Application of musharakah mutanaqisah home financing as an alternative to traditional debt financing : lessons learned from the U.S. 2007 sub-prime crisis
One of the causes of the 2007 U.S. sub-prime crisis in 2007 is the use of traditional debt financing whereby the bank does not take risk of owning the property. Furthermore, the bank does not share its profit with customer and monthly instalment is pegged against market interest rate. This paper wil...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/25888/ http://irep.iium.edu.my/25888/ http://irep.iium.edu.my/25888/1/%28C-9_%29_Paper_ID_-_MFAC_2012__FM-8_-_Assoc._Prof._Dr._Dzuljastri_Abdul_Razak.pdf |