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Tag: Malaysia

  • Transforming Islamic Home Financing: A Call for Reform in Malaysia

    Transforming Islamic Home Financing: A Call for Reform in Malaysia

    Islamic home finance in Malaysia was introduced in the 1980s with high expectations. It promised to create a system free from riba (usury), gharar (harmful uncertainty), and ẓulm (injustice) for 20.6 million Malaysian Muslims. Four decades on, the original vision of Islamic home finance as an ethical, risk-sharing alternative compliant to Islamic law Sharia is…

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