Home finance in I
In Italy first-home buying by immigrants is expanding quickly even if only a tiny percentage of demand is satisfied. Pent-up demand - mainly for religious and cultural reasons - has a high statistical value
ASSAIF has devised a number of contractual instruments that can be used under the Italian civil code by consumers interested in financing a home purchase in a Shariah-compliant way. They allow for the optimization of the financial, fiscal and managerial efficiency. In December 2006, ASSAIF has managed the first murabaha transaction ever concluded in Italy
The Sharia-compliant 'Real Estate Investment Trusts' have the potential to become a viable investment alternative on condition of having a regulatory framework universally accepted; a Sharia consensus on classes of assets, the possibility of cross border trading and a favorable tax legislation that addresses above all the double taxation issue
Home Financing in Canada
CMHC-SCHL,"Islamic Housing Finance in Canada", January 2010
Comprehensive report and legal, regulatory and administrative considerations on Sharia-compliant home financing and its possible development in Canada
Comparisons between conventional and Islamic REITs
Ting Kien Hwa, Abdul Rahman Md. Noor, "Islamic REITs: A Syariah-compliant investment option", Universiti Teknologi MARA, July 2007
Islamic REITs.pdf 69.01 kB
The Musharakah contract applied to real estate financing
Ahamed Kameel Mydin Meera & Dzuljastri Abdul Razak, "Home Financing through the Musharakah Mutanaqisah Contracts: Some Practical Issues", International Islamic University Malaysia, 2007
MMP Some Practical issues.pdf 252.93 kB
Decreasing Musharakah and Shariah
Tariq Hameed, "Does the Diminishing Musharakah reflect the spirit of Sharia?", Norton Rose, 2007
Diminishing Musharakad & Shariah.pdf 32.56 kB
The first Islamic mortgage in Italy
ASSAIF, “Accesso alla casa per gli immigrati - Il Mutuo islamico", Milan, January 2007. Study on behalf of the 'Fondazione Housing Sociale': it describes the first-ever sharia-compliant real estate transaction structured, realized and financed by ASSAIF in Italy in 2006
Il mutuo islamico.pdf 227.98 kB
Estate financing through decreasing Musharakah
Ahamed Kameel Mydin Meera & Dzuljastri Abdul Razak, "Islamic Home Financing through Musharakah Mutanaqisah and al-Bay’ Bithaman Ajil Contracts: A Comparative Analysis", International Islamic University Malaysia, 2005
MMP Paper.pdf 217.17 kB
Experiences of UK Shariah-compliant real estate mortgage
Issam Tlemsani - Robin Matthews, "Ethical Banking Islamic House Financing in The United Kingdom: A Comparative Study", Kingston Business School
Methods of Islamic home finance in the U.S.
A. Thomas, "Methods of Islamic Home Finance in the United States", The American Journal of Islamic Finance, 2001
Islamic mortgages in the US.pdf 43.19 kB
Manzil home purchase plan in the UK
Rodney Wilson, "Islamic Investment Products In the UK", New Horizon, March 2001, 3-5
Finance In Islam 1.pdf 109.68 kB