masalah loan perumahan manzili bank rakyat

The focus of this paper is the MM as applied by Affin Islamic Bank Berhad in Malaysia. This paper aims to highlight and study the terms in MM and how this Islamic Home Finance product deals with the problems of abandoned housing projects. One of the issues is the inadequacy of the Islamic Home Finance products to deal with the issues of abandoned housing and give equitable and fair terms to the aggrieved purchaser consumers.

Nonetheless, there are many issues in these products when faced with the problems of abandoned housing projects in Malaysia. Among the products are: Bay’ Bithaman al-Ajil (‘BBA’), Musharakah al-Mutanaqisah (‘MM’), Commodity Murabahah (‘CM’) and Ijarah Mausufah Fi Zimmah (‘IMFZ’). Various Islamic Home Finance products have been introduced and practised in Malaysia. Until today, Islamic Banking has robustly developed in Malaysia providing various kinds of Islamic transaction products including Islamic home finance. It was initially commenced with the incorporation of Bank Islam Malaysia Berhad (BIMB) in 1983. Islamic Banking has been established since 1980s in Malaysia.

Masalah loan perumahan manzili bank rakyat