Asian Spectator


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Justice, trust and Sharia: why Malaysia must reform its Islamic home financing

  • Written by Nuarrual Hilal Md Dahlan, School of Law, Universiti Utara Malaysia
Justice, trust and Sharia: why Malaysia must reform its Islamic home financingImage of a abandoned property project at Bukit Beruntung MalaysiaProvided by author, CC BY

Islamic home finance in Malaysia was introduced in the 1980s with high expectations. It promised to create a system free from riba (usury), gharar (harmful uncertainty), and ẓulm (injustice) for 20.6 million Malaysian Muslims.

Four decades on, the...

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