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Musharakah mutanaqisah home financing and its economic implications

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Date
2018
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Abstract
Following the U.S. Subprime Crises of 2007-08, many developed countries went into deep recession. In the literature, there are many reasons provided as probable causes of the crisis. However, it is undeniable that the flaws of the conventional financial system and home financing methods are among the important sources of the crisis. In this thesis, we argue that the damage caused by the Subprime crisis may have been avoided to a considerable extent if true profit and loss sharing (PLS) based method of financing has been applied. In that regards, we suggest an improved version of Islamic home financing called the enhanced musharakah mutanaqisah (EMM).
Keywords
Musharakah mutanaqisah , Enhanced musharakah mutanaqisah (EMM) , Home financing , Economic implications
Citation
Asadov, A. (2018). Musharakah mutanaqisah home financing and its economic implications (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2950
Publisher
INCEIF
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