Research Proposal Are the current Islamic mortgage options available in the UK truly “Islamic” and acceptable alternatives for Muslims? Research Introduction Meaning of the title Introduction to the Subject A critical study analysing the Islamic mortgage options available in the […]
Islamic Mortgages Introduction The three common forms of Islamic mortgage contract for house purchase finance are Murabaha, Ijara and Musharaka. In the first arrangement, the bank buys and sells it back to a client at a higher price, which is repaired in instalments. In Ijara, the bank […]
Detailed below are some of the common financial instruments used by Islamic banks. Most of the home purchase plans offered in the UK use the Musharaka, Murabaha and Ijarah instruments and in some cases the plan may use a combination of two methods of finance. Musharaka Musharaka […]