Islamic Home Finance

Abstract
Islamic financial principles stress the importance of profit and loss share agreements given the impermissibility of using conventional applications of ‘interest‘ in financial transactions. With regards to house purchase four Islamically acceptable techniques are available, Murabaha, Ijara Wa- Iqtina, Diminishing Musharaka and Istisna. This case describes the applications of these techniques.
This case study can be purchased from the author at a cost of $30 plus p&p. Note that they are designed to raise awareness of specific issues in Islamic finance. The cases come with case questions and it is expected that the instructor provides the solutions.
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