Kemungkiran Pemaju dalam Produk Pembiayaan Perumahan Secara Islam: Analisis Pendekatan Penyelesaian
Developer Defaults in Islamic Home Financing Products: Analytical Solution Approach

Pusat Pengajian Perniagaan Islam
Universiti Utara Malaysia
06010 UUM Sintok, Kedah

sollehudin@uum.edu.my

Jabatan Shariah dan Ekonomi
Akademi Pengajian Islam Universiti Malaya
50603 Kuala Lumpur

m.taqiuddin@um.edu.my

Jabatan Shariah dan Ekonomi
Akademi Pengajian Islam Universiti Malaya
50603 Kuala Lumpur

ahmadazams@um.edu.my

Abstract

As of the end of 2010, banks that offer Islamic home financing products in Malaysia have diversified the use of muamalat contracts in offering their home financing products. The contracts include Bay ‘Bithaman Ajil (BBA), Murabahah, Musharakah Mutanaqisah, and Istisna`. More than 10 banks still use the BBA contract while others begin to focus on the use of equity-based financing contracts such as Musharakah Mutanaqisah. In Malaysia, sales of a house can take place even before the house is built or when it is still under construction. Therefore, Islamic home financing products must be offered through an appropriate contract to ensure they encompass fair and compassionate elements consistent with the Islamic rules. Selection of a proper contract is crucial to circumvent the stigma that Islamic banking is unjust in cases of abandoned houses. Hence, this article tries to see how this problem is addressed specifically in four Islamic products; Bay ‘Bithaman Ajil (BBA), Murabahah, Musharakah Mutanaqisah, and Istisna’. In its analysis, this study applies three methods; inductive, deductive and comparative methods. The results show that certain contracts are better than others in protecting customers from directly assuming the burden in cases of abandoned houses.

Keywords

Default developer; Islamic home financing products; Muamalat contracts

Citation

Shuib, M. S., Mohamad, M. T., & Sulaiman, A. A. (2013). Kemungkiran Pemaju dalam Produk Pembiayaan Perumahan Secara Islam: Analisis Pendekatan Penyelesaian. Jurnal Pengurusan, 38, 141–149.

@article{shuib2013kemungkiran,
  title={Kemungkiran Pemaju dalam Produk Pembiayaan Perumahan Secara Islam: Analisis Pendekatan Penyelesaian},
  author={Shuib, Mohd Sollehudin and Mohamad, Mohammad Taqiuddin and Sulaiman, Ahmad Azam},
  journal={Jurnal Pengurusan},
 

volume={38},
  number={},
  pages={141—149},
  year={2013},
  doi={},
  publisher={Penerbit UKM},
}

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38 (2013) 141 – 149

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