Diminishing Partnership As An Alternative Islamic Home Financing In Malaysia: Issues And Perceptions

dc.contributor.author	Abdul Razak, Dzuljastri
dc.date.accessioned	2019-08-27T06:39:27Z
dc.date.available	2019-08-27T06:39:27Z
dc.date.issued	2011-01
dc.description.abstract	Home is a basic necessity for everyone. The Bai Bithaman Ajil (BBA) or Deferred Installment Sales facility is the most predominant mode of home financing in Malaysia since the establishment of Islamic banking in 1983. In this transaction, the bank buys the property from the customer and sells it back to him with added profit for payment at a later date. In doing so, the bank capitalizes its profit up front in the sale of the property. The concept is similar to conventional debt financing which often results in high cost and injustice. Given these controversial features of BBA, it is anticipated that there are several issues on its operations. An alternative concept currently emerging is based on Diminishing Partnership (DP). In this concept, the bank and customers are partners and take joint ownership of the property. The customer pays the bank rent and redeems the bank‟s share on monthly basis until full settlement upon which the house will be transferred from the bank to the customer.	en_US
dc.identifier.uri	http://hdl.handle.net/123456789/8688
dc.language.iso	en	en_US
dc.publisher	Universiti Sains Malaysia	en_US
dc.subject	Diminishing Partnership	en_US
dc.subject	Islamic Home Financing	en_US
dc.title	Diminishing Partnership As An Alternative Islamic Home Financing In Malaysia: Issues And Perceptions	en_US
dc.type	Thesis	en_US

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