An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia

An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia

This paper utilises an analytical framework to explore and critically examine issues and challenges of offering Shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Concepts from five distinct theories (Theory of Credit Cooperative, Transaction Costs Theory, Agency Theory, St...

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Main Authors: Zabri, Zaidi, Abdul Razak, Dzuljastri, Mohamed, Mustafa Omar
Format: Article
Language:English
Published: IIUM Institute of Islamic Banking and Finance 2015
Subjects:
HG Finance
HG179 Personal finance
Online Access:http://irep.iium.edu.my/46315/
http://irep.iium.edu.my/46315/
http://irep.iium.edu.my/46315/1/Md_Zabri%2C_Razak%2C_Mohammed%2C_2015%2C_An_Analytical_Framework_to_Examine_Shari%27ah-Compliant_Mortgage_Financing_by_Financial_Cooperatives_in_M.pdf
id iium-46315
recordtype eprints
spelling iium-463152018-05-23T02:09:18Z http://irep.iium.edu.my/46315/ An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia Zabri, Zaidi Abdul Razak, Dzuljastri Mohamed, Mustafa Omar HG Finance HG179 Personal finance This paper utilises an analytical framework to explore and critically examine issues and challenges of offering Shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Concepts from five distinct theories (Theory of Credit Cooperative, Transaction Costs Theory, Agency Theory, Stakeholder Theory, and Theory of Credit Rationing) are modified and integrated to form a hybrid, layered framework. This is then used as a ‘lens’ to highlight the issues pertaining to business models and strategies, good governance, regulation and supervision, risk management, human resource management, which may influence the success of mortgage financing. This analytical framework is useful for relevant stakeholders on how to manage the issues, challenges, and harnessing the prospects of Shari’ah-compliant mortgage financing products. © 2015 The IIUM Institute of Islamic Banking and Finance. Keywords: Shari’ah-compliant mortgage financing, financial cooperatives (FC), analytical framework (AF) IIUM Institute of Islamic Banking and Finance 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/46315/1/Md_Zabri%2C_Razak%2C_Mohammed%2C_2015%2C_An_Analytical_Framework_to_Examine_Shari%27ah-Compliant_Mortgage_Financing_by_Financial_Cooperatives_in_M.pdf Zabri, Zaidi and Abdul Razak, Dzuljastri and Mohamed, Mustafa Omar (2015) An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Journal of Islamic Finance, 4 (2). 018-030. ISSN 2289-2109 E-ISSN 2289-2117 http://journals.iium.edu.my/iiibf-journal/index.php/jif/index
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG Finance
HG179 Personal finance
spellingShingle HG Finance
HG179 Personal finance
Zabri, Zaidi
Abdul Razak, Dzuljastri
Mohamed, Mustafa Omar
An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia
description This paper utilises an analytical framework to explore and critically examine issues and challenges of offering Shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Concepts from five distinct theories (Theory of Credit Cooperative, Transaction Costs Theory, Agency Theory, Stakeholder Theory, and Theory of Credit Rationing) are modified and integrated to form a hybrid, layered framework. This is then used as a ‘lens’ to highlight the issues pertaining to business models and strategies, good governance, regulation and supervision, risk management, human resource management, which may influence the success of mortgage financing. This analytical framework is useful for relevant stakeholders on how to manage the issues, challenges, and harnessing the prospects of Shari’ah-compliant mortgage financing products. © 2015 The IIUM Institute of Islamic Banking and Finance. Keywords: Shari’ah-compliant mortgage financing, financial cooperatives (FC), analytical framework (AF)
format Article
author Zabri, Zaidi
Abdul Razak, Dzuljastri
Mohamed, Mustafa Omar
author_facet Zabri, Zaidi
Abdul Razak, Dzuljastri
Mohamed, Mustafa Omar
author_sort Zabri, Zaidi
title An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia
title_short An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia
title_full An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia
title_fullStr An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia
title_full_unstemmed An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia
title_sort analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in malaysia
publisher IIUM Institute of Islamic Banking and Finance
publishDate 2015
url http://irep.iium.edu.my/46315/
http://irep.iium.edu.my/46315/
http://irep.iium.edu.my/46315/1/Md_Zabri%2C_Razak%2C_Mohammed%2C_2015%2C_An_Analytical_Framework_to_Examine_Shari%27ah-Compliant_Mortgage_Financing_by_Financial_Cooperatives_in_M.pdf
first_indexed 2023-09-18T21:05:56Z
last_indexed 2023-09-18T21:05:56Z
_version_ 1777410933444837376

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