COMPARISON OF DIMINISHING MUSHARAKA AND CONVENTIONAL HOUSE FINANCING CONTRACTS

Authors

  • Imran Ali Shaikh

Abstract

Methodology:This paper compares diminishing musharaka and conventional house financing contracts as formulated by banks in Karachi in mid 2006. The following aspects of the diminishing musharaka and conventional house financing contracts have been compared.1- Commencement of agreement2- Termination of contract3- Risk of loss4- Ownership provision5- Sale transfer6- Expense consequent to ownership

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Published

2006-10-01

Issue

Vol. 2 No. 3 (2006): Market Forces Research Journal Volume 2 No 3

Section

CaseStudy

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