Islamic norms, Excel time value formula and housing finance models
This chapter adds to the series of writings on Islamic home financing presented and published by the author on the subject of compounding versus and Islamic Shari'ah-consistent requirement for computation to avoid continuos compounding. It spells out certain normas Islamic banks must observe in home financing, and demonstrates that the conventional time value formula in Excel does not the stated norms. Available in physical copy and ebook (Call Number: HG 3368 A6 R595L)
Home financing model , Formula , Islamic norms
Hasan, Zubair. (2014). Islamic norms, Excel time value formula and housing finance models. In Mervyn K. Lewis, Mohamed Ariff & Shamsher Mohamad (Eds.), Risk and regulation of Islamic banking (pp. 254-271). Cheltenham, Glasglow: Edward Elgar Publishing Limited.
Edward Elgar Publishing Limited