The Use of Islamic Mortgage For Residential Housing Market

Yeo, Say Loong (2011) The Use of Islamic Mortgage For Residential Housing Market. Final Year Project (Other), Tunku Abdul Rahman University College.

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Abstract

This research is to study the Islamic Mortgage for Residential Housing Market. The objectives of the research presented clearly study is to review the Conventional Mortgage, to review the Islamic Mortgage, to compare the Islamic Mortgage with Conventional Mortgage, and to investigate the benefit of using Islamic Mortgage. Chapter 1 gives a view on the introduction of this Research including the aim, objectives and background of this research. The review of Conventional Mortgage, Islamic Mortgage, and Comparison between Conventional Mortgage and Islamic Mortgage is carried out under Chapter 2, 3, and 4 which the literature review chapters. The operating systems, calculations, advantages and disadvantages of both types of mortgage are discussed in these chapters. The research methodology and data analysis are covered under Chapter 5 and Chapter 6. Questionnaire survey is used as the primary data source to gather information from Mortgage Sales Officer from selected banking institutions. Data analysed based on the responses gathered from 22 Mortgage Sales Officer in Kuala Lumpur. From the literature review and data analysis chapters, the dissertation is then come to conclusion and recommendation of future studies which discussed in the last chapter.