Islamic housing finance

M. Samers

doi:10.1016/B978-0-08-047163-1.00138-7

Islamic housing finance

M. Samers

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

3 Scopus citations

Abstract

Islamic home finance (IHF) is a form of home finance based on Shari'a law, and viewed by many as an alternative to the problems associated with conventional mortgages. IHF has grown rapidly around the world since the early 2000s, including in Western or non-Muslim-majority countries. This article explores the characteristics, evolution, and issues surrounding IHF in the United Kingdom and the United States, two Western countries where IHF has expanded most rapidly. Essentially, IHF relies on the prohibition of riba (generally translated as 'interest') as well as a number of other prohibitions, including the requirement that the securitisation of mortgages involve a clear underlying asset or assets. © 2012

Original language	English
Title of host publication	International Encyclopedia of Housing and Home
Pages	130-138
Number of pages	9
DOIs	https://doi.org/10.1016/B978-0-08-047163-1.00138-7
State	Published - 2012

Bibliographical note

Publisher Copyright:
© 2012 Elsevier Ltd. All rights reserved.

Keywords

Interest
Islamic finance
Islamic home finance
Islamic mortgages
Riba
Securitisation

ASJC Scopus subject areas

General Social Sciences

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10.1016/B978-0-08-047163-1.00138-7

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Islamic housing finance

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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