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Shariah property investment in Asia

Ghanbari Parsa , A, Muhammad Faishal Bin Ibrahim, M and Ong Seow , E 2009, 'Shariah property investment in Asia' , Journal of Real Estate Literature, 17 (2) , pp. 231-248.

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Abstract

Islamic banking and finance is growing at a rapid pace because of its value-oriented ethos. Through interviews with Shariah-compliant property investment players in Singapore, Bahrain, and Dubai, this research is a sequel to Parsa and McIntosh (2005), which looks at the trends and the development of an international strategy for Shariah-compliant property investment. The findings reveal that more than 95% of the respondents felt that "compliance with Shariah law is a fundamental requirement in terms of "halal" type of investment and investment structure." More than 75% of the respondents preferred to use the ijara/ijara-wa-iqtina and sukuk method of financing Shariah-compliant property investment. Seventy-eight percent of the respondents felt that Southeast Asia has the highest potential in Asia in attracting Shariah-compliant property investment. Together with the findings of Parsa and McIntosh (2005), this study extends the insights to the world of Shariah property investment.

Item Type: Article
Themes: Built and Human Environment
Schools: Colleges and Schools > College of Science & Technology > School of the Built Environment > Centre for Property and Facilities Management
Colleges and Schools > College of Science & Technology > School of the Built Environment
Journal or Publication Title: Journal of Real Estate Literature
Publisher: American Real Estate Society
Refereed: Yes
ISSN: 0927-7544
Related URLs:
Depositing User: AR Ghanbari-Parsa
Date Deposited: 19 Oct 2011 11:06
Last Modified: 20 Aug 2013 18:15
URI: http://usir.salford.ac.uk/id/eprint/18492

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