Role of Islamic mortgage in the UK

Omar Masood, Jamel E. Chichti, Walid Mansour, Qazi Awais Amin

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

Mortgage is considered a major determinant factor not only to the UK, but western economies as well. Therefore, we thought it fit to conduct an empirical study on Islamic mortgage in UK. In this paper we attempt to study and elaborate principles behind overall Islamic banking system whereas the main focus is remain with Role of Islamic mortgage in UK. This paper gives a preliminary empirical assessment of role of Shariah board and corporate governance with reference to UK. This study also sought that whether Islamic banking is based on Islamic economic principles or just a replica of conventional banking.
Original languageEnglish
Pages (from-to)366-383
Number of pages18
JournalInternational Journal of Monetary Economics and Finance.
Volume2
Issue number3/4
DOIs
Publication statusPublished - 2 Nov 2009

Keywords

  • Islamic mortgages
  • Mudharabah
  • Wadiah
  • Musharakah
  • Ijarah
  • Shariah
  • Riba
  • Islamic finance
  • UK
  • United Kingdom
  • Corporate Governance

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