The implementation of Bai Bithaman Ajil as Islamic housing loan / Nurulain Mohamed Nordin

Mohamed Nordin, Nurulain (2010) The implementation of Bai Bithaman Ajil as Islamic housing loan / Nurulain Mohamed Nordin. [Student Project] (Unpublished)


Home financing takes a large portion of peoples’ income. As alternatives to conventional interest-based home financing modes, several Islamic modes are currently in existence, the dominant among which are the al-Bay’ Bithaman Ajil (BBA) and the Musharakah Mutanaqisah Partnership (MMP) contracts. The BBA is a murabahah contract, based on buy-and-sell principle while the MMP consists of a musharakah (partnership) contract and an ijarah (rental) contract where the equity of the financier follows a diminishing balance method. The study reviews and analyzes the facility of Bay Bithaman Ajil (BBA) in house as it is implemented by Malaysian financial institutions from the fiqh point of view. Considering that BBA is the most preferred type of financing mode in the Malaysian Islamic banking industry and considering that it is also the most debated type of facility in terms of its validity and Shariah-compliance, the study reviews and analyzes the structure as well as the implementation of the facility.


Item Type: Student Project
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Mohamed Nordin, Nurulain
Subjects: H Social Sciences > HD Industries. Land use. Labor > Labor. Work. Working class > Housing
H Social Sciences > HG Finance > Credit. Debt. Loans
H Social Sciences > HJ Public Finance > Finance, Islamic
Divisions: Universiti Teknologi MARA, Melaka > Bandaraya Melaka Campus > Faculty of Business and Management
Programme: Bachelor of Business Administration (Hons) Finance (BA242)
Keywords: Islamic housing loan; Home financing; Islamic banking industry
Date: 2010
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