Application of Musharakah Mutanaqisah Home Financing as an alternative to traditional debt financing: lessons learned from the U.S. 2007 subprime crisis

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Application of Musharakah Mutanaqisah Home Financing as an alternative to traditional debt financing: lessons learned from the U.S. 2007 subprime crisis

One of the causes of the 2007 U.S. subprime crisis in 2007 is the use of traditional debt financing whereby the bank does not take risk of owning the property. Furthermore, the bank does not share its profit with customer and monthly instalment is pegged against market interest rate. This paper will...

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Bibliographic Details
Main Authors:	Abdul Razak, Dzuljastri, Amin, Hanudin
Format:	Article
Language:	English
Published:	Islami Bank Training and Research Academy 2013
Subjects:	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/30821/ http://irep.iium.edu.my/30821/1/Article_JIEBF_pdf.pdf

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