Islamic Housing Finance

ISBN-13: 9786202351195 / Angielski / Miękka / 2018 / 328 str.

Mohammed Elkhatim Tameme

Opis

This book contributes to Islamic finance literature introducing mortgage products for housing finance as an important component of retail markets. Dr Mohammed Tameme is considered one of the influential Islamic Economist in the field examined the characteristics of the UK market for Islamic mortgages and its related activities focusing on institutional engagement, supply and demand conditions for finance. The Book evaluates the development of Islamic housing finance in the United Kingdom by focusing on the growing demand for Islamic Mortgages in the UK and its current practices, accessibility, choice criteria and awareness among UK Muslims. It access the providers marketing strategies, conditions and governance. It concludes that the prospects of Islamic mortgages in UK are promising unlike conventional banks' mortgages, since they are not financed by borrowing from the wholesale markets, but from Islamic deposits. Islamic housing finance has a tendency of sustainability and has not been subject to the problems associated with sub-prime defaults. Interestingly, risk appraisal processes by Islamic institutions that provide housing finance has made it more difficult for low-income.