Rental index rate as an alternative to interest rate in Musharakah Mutanaqisah home financing
Purpose This paper aims to propose a new pricing alternative called Rental Rate Index (RR-I) that captures the true value of property to be used by Islamic banks in Musharakah Mutanaqisah (MM) contract for home financing. Design/methodology/approach By formulating a profit rate based on Rental Index...
Main Authors: | , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Emerald Group Publishing Limited
2016
|
Subjects: | |
Online Access: | https://repo.uum.edu.my/id/eprint/21900/1/IJIMEFM%209%203%202016%20397%20416.pdf |