Question: Ahmad Has A Musharakah Mutanaqisah House Financing Facility With XYZ Islamic Bank For The Amount Of RM 500,000.00 For 25 Years. He Is Paying RM 4,000.00 Monthly Instalment For The Facility. Discuss The Validity Of The Contract Of Musyarakah And Ijarah, Whereby Both Parties Mutually Agree That The Customer Will Bear The Cost Of Maintenance Which Include …
Ahmad has a Musharakah Mutanaqisah house financing facilitywith XYZ Islamic Bank for the amount of RM 500,000.00 for 25 years.He is paying RM 4,000.00 monthly instalment for thefacility.
- Discuss the validity of the contract of Musyarakah andIjarah, whereby both parties mutually agree that the customer willbear the cost of maintenance which include force majeureevent.
- To what extent the application of Musharakah Mutanaqisahhome financing capable of resolving the issues in Bay Bithaman Ajilhome financing.
- What is your opinion on the application of wa’d (promise)in Musharakah Mutanaqisah home financing?