Islamic Home Financing through Musharakah Mutanaqisah and al-Bay’ Bithaman Ajil Contracts: A Comparative Analysis

Home financing takes a large chunk 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...

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Bibliographic Details
Main Authors: Abdul Razak, Dzuljastri, Mydin Meera, Ahamed Kameel
Format: Proceeding Paper
Language:English
Published: 2005
Subjects:
Online Access:http://irep.iium.edu.my/9716/4/MMP_Paper_Islamic_home_financing.pdf