The Structure in Existing Shariah Principle of Islamic Home Financing: A Review

Jaaffar, Sharifah Arni Syed; Ghazali, Puspa Liza

doi:10.6007/ijarbss/v8-i12/5231

Cited by 2 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Terpenuhinya syarat atau ketentuan-ketentuan dalam akad musyarakah merupakan sesuatu yang tak kalah penting harus terpenuhi. 17 Pemenuhan syarat ini sangat penting dan perlu menjadi perhatian khusus para pihak dalam berakad, karena syarat ini yang akan menentukan keberhasilan para pihak mendapatkan ridha sang ilahi dalam perjanjiannya. Pada akhirnya dapat disimpulkan bahwa, syarat dalam akad musyarakah ini menyangkut tentang aturan-aturan dalam empat rukun di atas.…”

Section: B Metode Penelitianunclassified

Pandangan Antropologi Terhadap Praktik Akad Musyarakah Dan Problematikanya Di Lembaga Keuangan Syariah

HAMZAH,

SARI

2023

Justeko

View full text Add to dashboard Cite

This research will comprehensively answer, describe, and explain in detail the context of problems that occur in musyarakah contracts. Therefore, this research will reveal the veil of understanding by focusing on the anthropological view of the implementation of musyarakah contracts, both in terms of the application of the contract and sharia principles, as well as the problems that often occur in musyarakah contracts in the operations of sharia financial institutions. This research is a type of normative-empirical research, which is an anthropological approach. The data used are primary and secondary data which are then analyzed using argumentative analysis techniques. The results and conclusions of this research are that musyarakah exists as a method for practicing and implementing Islamic religious values, where this also includes the concept of hifdz mall (maintenance of assets) which is essentially part of the objectives of sharia itself. Although problems often occur in the musyarakah contracts carried out intentionally by the parties or unpredictable force majeure, these musyarakah contracts can be maximized again by using good and correct solutions by Sharia financial institutions. With the concept of the musyarakah contract, Sharia financial institutions have a mission to fight ignorance, poverty, tyranny, evil, and injustice in economic activities to achieve al-falah (prosperity in this world and the hereafter).

show abstract

Section: B Metode Penelitianunclassified

Pandangan Antropologi Terhadap Praktik Akad Musyarakah Dan Problematikanya Di Lembaga Keuangan Syariah

HAMZAH,

SARI

2023

Justeko

View full text Add to dashboard Cite

show abstract

Transforming homeownership: an innovative financing model with a future value approach

Said,

Sulaimi,

Ab Majid

et al. 2024

IJHMA

View full text Add to dashboard Cite

Purpose This study aims to address the critical need for innovative financing solutions in the global housing sector, focusing specifically on Malaysia’s distinct housing finance system encompassing both conventional and Islamic loans. The primary objective is to develop a transformative housing finance model that addresses affordability challenges and reshapes the Malaysian housing landscape. Design/methodology/approach The study presents an alternate housing finance model for Malaysia, integrating lower monthly payments and reduced household debt. Key variables include house price appreciation rates, interest rates, initial guarantee fees and loan-to-value ratios. Inspired by the Help to Buy (HTB) scheme, the model aligns with proven global initiatives for enhanced affordability, balancing payment amounts, loan interest rates and acceptable price thresholds. Findings The study’s findings promise to address affordability disparities and reshape Malaysia’s housing finance landscape. The emphasis is on introducing a structured repayment plan that offers a sustainable path to homeownership, particularly for low-income families. Incorporating the future value adaptation concept, inspired by reverse mortgages and Islamic finance, enhances adaptability, ensuring long-term sustainability despite economic shifts. Practical implications The proposed model promotes widespread access to homeownership, offering practical solutions for policymakers to improve affordability, prompting adaptable risk management strategies for financial institutions and empowering potential homebuyers with increased flexibility. Originality/value The study introduces a transformative housing finance model for Malaysia, merging elements from reverse mortgages, Islamic finance and the HTB scheme, offering potential applicability to similar systems globally.

show abstract

The Structure in Existing Shariah Principle of Islamic Home Financing: A Review

Cited by 2 publications

References 0 publications

Pandangan Antropologi Terhadap Praktik Akad Musyarakah Dan Problematikanya Di Lembaga Keuangan Syariah

Pandangan Antropologi Terhadap Praktik Akad Musyarakah Dan Problematikanya Di Lembaga Keuangan Syariah

Transforming homeownership: an innovative financing model with a future value approach

Contact Info

Product

Resources

About