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Diminishing balance model for Islamic home finance: Final version

Author

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  • Hasan, Zubair

Abstract

This brief note supplements the argument of an earlier paper Islamic Home Financing: Current Models and a Proposal from Social Perspective”; it explains that the Diminishing Balance Model for Islamic home financing is operable in a Shari’ah compliant way even without the Islamic Banking laws accommodating the notion of constructive ownership as envisaged earlier. It further clarifies how the new model scores over the models currently being used for the purpose.

Suggested Citation

  • Hasan, Zubair, 2011. "Diminishing balance model for Islamic home finance: Final version," MPRA Paper 32766, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:32766
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    File URL: https://mpra.ub.uni-muenchen.de/32780/1/MPRA_paper_32780.pdf
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    File URL: https://mpra.ub.uni-muenchen.de/32793/1/MPRA_paper_32793.pdf
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    Cited by:

    1. Hasan, Zubair, 2011. "Riba in La-riba contracts:where to turn in Islamic home financing?," MPRA Paper 34386, University Library of Munich, Germany.

    More about this item

    Keywords

    Key words: Islamic home finance; interest based model; MMP model; Diminishing Balance model;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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