Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Financial Product
|
| gptkbp:alsoKnownAs |
Sharia-compliant mortgage
|
| gptkbp:basedOn |
Islamic finance principles
|
| gptkbp:compatibleWith |
gptkb:Sharia_law
|
| gptkbp:distinctFrom |
conventional mortgage
|
| gptkbp:documentation |
Sharia compliance certificate
|
| gptkbp:feature |
no interest payments
bank and customer co-own property (in some models) customer gradually buys out bank's share fixed or variable profit rates profit rate instead of interest shared ownership (in some models) |
| https://www.w3.org/2000/01/rdf-schema#label |
Islamic Mortgage
|
| gptkbp:introducedIn |
late 20th century
|
| gptkbp:market |
growing in Western countries
|
| gptkbp:offeredBy |
Islamic banks
conventional banks with Islamic windows |
| gptkbp:prohibits |
interest (riba)
|
| gptkbp:purpose |
home purchase
property financing |
| gptkbp:regulates |
gptkb:Financial_Conduct_Authority_(UK)
gptkb:Islamic_Financial_Services_Board local Sharia boards |
| gptkbp:structure |
gptkb:Ijara
gptkb:Murabaha Musharaka |
| gptkbp:targetAudience |
Muslims seeking Sharia-compliant finance
non-Muslims interested in ethical finance |
| gptkbp:usedIn |
gptkb:Malaysia
gptkb:Middle_East gptkb:United_Kingdom |
| gptkbp:bfsParent |
gptkb:Islamic_Banking
|
| gptkbp:bfsLayer |
8
|