Abstract
Islamic Banking is one of the fastest growing banking systems in the modern world. It has also achieved significant growth in the Pakistani banking sector in the recent decades. Diminishing Musharakah (DM) is an Islamic mode of finance which not only provides home financing facilities to the customers but also provides other long term financing transaction such as machinery and equipment financing in Islamic banks. In September 2020, DM has the largest share in the Islamic banking financing in Pakistan at 34.5 percent. Considering the widespread acceptance of DM, this paper discusses the shariah structure of DM and its use as a home finance product, specifically its variants, in Islamic Banking Institutions. This paper also clarifies the issues which create confusions in the minds of the common public about Islamic banking products, emphasizing the importance of this product for Islamic Banking Institutions
Highlights
ڈاکٹرعبدالماجد Abstract: Islamic Banking is one of the fastest growing banking systems in the modern world
In September 2020, Diminishing Musharakah (DM) has the largest share in the Islamic banking financing in Pakistan at 34.5 percent
بنیادی فرق ہے اجارہ اور بیع )(Lease & Saleمیں کہ بیع کی صورت میں انتقال ملکیت (Transfer of
Summary
ڈاکٹرعبدالماجد Abstract: Islamic Banking is one of the fastest growing banking systems in the modern world. DIMINISHING MUSHARAKAH IN ISLAMIC BANKS: AN ANALYSIS BASED ON HOME FINANCING In September 2020, DM has the largest share in the Islamic banking financing in Pakistan at 34.5 percent. Considering the widespread acceptance of DM, this paper discusses the shariah structure of DM and its use as a home finance product, its variants, in Islamic Banking Institutions.
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