Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview
Owning a house is a dream that every individual cherishes. In Malaysia, both the banking sector and the government have expended relentless efforts to ensure Malaysians have access to financing to acquire and own affordable houses. These efforts are however being derailed by alarming cases of abando...
| Main Authors: | , , |
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
ELSEVIER
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/44616/ http://irep.iium.edu.my/44616/9/abonded_housing_project.pdf http://irep.iium.edu.my/44616/12/44616_abondoned_housing_project.pdf |
| _version_ | 1848782635701108736 |
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| author | Abdul Razak, Dzuljastri Mohammed , Mustafa Omar Tarique, Kazi Md. |
| author_facet | Abdul Razak, Dzuljastri Mohammed , Mustafa Omar Tarique, Kazi Md. |
| author_sort | Abdul Razak, Dzuljastri |
| building | IIUM Repository |
| collection | Online Access |
| description | Owning a house is a dream that every individual cherishes. In Malaysia, both the banking sector and the government have expended relentless efforts to ensure Malaysians have access to financing to acquire and own affordable houses. These efforts are however being derailed by alarming cases of abandoned housing projects (AHPs) that have affected a substantial number of house buyers. Several reasons have been cited for the AHPs. The issues of the Islamic banking debt based home financing products have remained prominent. The literature argues that these products such as BBA and Tawarruq have imbedded features of transferring risks and liabilities to home buyers. This problem becomes acute in cases of AHPs. Musharakah Mutanaqisah or Diminishing Partnership (DP) is suggested as a superior option for Islamic home financing schemes. However, there is hardly any work that has investigated the extent to which DP can provide remedy to addressing the problem of abandoned housing projects. The present paper adopts content analysis and has shown that DP has a bright prospect of mitigating the problem of abandoned housing projects. The paper concludes with suggestions for the future research.
Keywords: Diminishing partnership; abandoned housing; Islamic banking |
| first_indexed | 2025-11-14T16:08:36Z |
| format | Proceeding Paper |
| id | iium-44616 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:08:36Z |
| publishDate | 2015 |
| publisher | ELSEVIER |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-446162016-04-20T05:42:28Z http://irep.iium.edu.my/44616/ Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview Abdul Razak, Dzuljastri Mohammed , Mustafa Omar Tarique, Kazi Md. HG4001 Financial management. Business finance. Corporation finance. Owning a house is a dream that every individual cherishes. In Malaysia, both the banking sector and the government have expended relentless efforts to ensure Malaysians have access to financing to acquire and own affordable houses. These efforts are however being derailed by alarming cases of abandoned housing projects (AHPs) that have affected a substantial number of house buyers. Several reasons have been cited for the AHPs. The issues of the Islamic banking debt based home financing products have remained prominent. The literature argues that these products such as BBA and Tawarruq have imbedded features of transferring risks and liabilities to home buyers. This problem becomes acute in cases of AHPs. Musharakah Mutanaqisah or Diminishing Partnership (DP) is suggested as a superior option for Islamic home financing schemes. However, there is hardly any work that has investigated the extent to which DP can provide remedy to addressing the problem of abandoned housing projects. The present paper adopts content analysis and has shown that DP has a bright prospect of mitigating the problem of abandoned housing projects. The paper concludes with suggestions for the future research. Keywords: Diminishing partnership; abandoned housing; Islamic banking ELSEVIER 2015-08-17 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/44616/9/abonded_housing_project.pdf application/pdf en http://irep.iium.edu.my/44616/12/44616_abondoned_housing_project.pdf Abdul Razak, Dzuljastri and Mohammed , Mustafa Omar and Tarique, Kazi Md. (2015) Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview. In: The IVth International Accounting and Business Conference (IABC) 2015, 17-18 Aug 2015, Putrajaya, Malaysia. |
| spellingShingle | HG4001 Financial management. Business finance. Corporation finance. Abdul Razak, Dzuljastri Mohammed , Mustafa Omar Tarique, Kazi Md. Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview |
| title | Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview |
| title_full | Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview |
| title_fullStr | Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview |
| title_full_unstemmed | Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview |
| title_short | Abandoned housing projects in Malaysia and the prospect of diminishing partnership: an overview |
| title_sort | abandoned housing projects in malaysia and the prospect of diminishing partnership: an overview |
| topic | HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/44616/ http://irep.iium.edu.my/44616/9/abonded_housing_project.pdf http://irep.iium.edu.my/44616/12/44616_abondoned_housing_project.pdf |