{"id":"https://openalex.org/W3044285656","doi":"https://doi.org/10.1108/imefm-05-2019-0217","title":"Financing homes by employing Ijara based diminishing Musharaka","display_name":"Financing homes by employing Ijara based diminishing Musharaka","publication_year":2020,"publication_date":"2020-07-22","ids":{"openalex":"https://openalex.org/W3044285656","doi":"https://doi.org/10.1108/imefm-05-2019-0217","mag":"3044285656"},"language":"en","primary_location":{"id":"doi:10.1108/imefm-05-2019-0217","doi":"https://doi.org/10.1108/imefm-05-2019-0217","is_oa":false,"landing_page_url":"https://doi.org/10.1108/imefm-05-2019-0217","pdf_url":null,"source":{"id":"https://openalex.org/S157427695","display_name":"International Journal of Islamic and Middle Eastern Finance and Management","issn_l":"1753-8394","issn":["1753-8394","1753-8408"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Islamic and Middle Eastern Finance and Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5037722948","display_name":"Mohammad Selim","orcid":"https://orcid.org/0000-0002-0571-5529","observed_orcids":["https://orcid.org/0000-0002-0571-5529"]},"institutions":[{"id":"https://openalex.org/I106663880","display_name":"University of Bahrain","ror":"https://ror.org/0317ekv86","country_code":"BH","type":"education","lineage":["https://openalex.org/I106663880"]}],"countries":["BH"],"is_corresponding":true,"raw_author_name":"Mohammad Selim","raw_affiliation_strings":["Department of Economics and Finance, University of Bahrain, Sakheer, Bahrain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, University of Bahrain, Sakheer, Bahrain","institution_ids":["https://openalex.org/I106663880"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5037722948"],"corresponding_institution_ids":["https://openalex.org/I106663880"],"apc_list":null,"apc_paid":null,"fwci":2.3256,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.891595,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"13","issue":"5","first_page":"787","last_page":"802"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12651","display_name":"Halal products and consumer behavior","score":0.0,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/islamic-home-financing","display_name":"Islamic home financing","score":0.8399999737739563},{"id":"https://openalex.org/keywords/islamic-banking","display_name":"Islamic banking","score":0.5249999761581421},{"id":"https://openalex.org/keywords/interest-free-finance","display_name":"interest-free financing","score":0.5460000038146973},{"id":"https://openalex.org/keywords/co-ownership","display_name":"co-ownership","score":0.6840000152587891}],"concepts":[{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.7994878888130188},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6977859139442444},{"id":"https://openalex.org/C85502023","wikidata":"https://www.wikidata.org/wiki/Q157171","display_name":"Renting","level":2,"score":0.6937779784202576},{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.6140046119689941},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5269996523857117},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.49580487608909607},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.4265567362308502},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.33984535932540894},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/imefm-05-2019-0217","doi":"https://doi.org/10.1108/imefm-05-2019-0217","is_oa":false,"landing_page_url":"https://doi.org/10.1108/imefm-05-2019-0217","pdf_url":null,"source":{"id":"https://openalex.org/S157427695","display_name":"International Journal of Islamic and Middle Eastern Finance and Management","issn_l":"1753-8394","issn":["1753-8394","1753-8408"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Islamic and Middle Eastern Finance and Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W52843973","https://openalex.org/W1519276867","https://openalex.org/W1593522225","https://openalex.org/W1800907635","https://openalex.org/W1904230167","https://openalex.org/W1993399355","https://openalex.org/W1999420407","https://openalex.org/W2107655103","https://openalex.org/W2149007869","https://openalex.org/W2315573280","https://openalex.org/W3022908831","https://openalex.org/W3123415009","https://openalex.org/W4241437692"],"related_works":["https://openalex.org/W1487522834","https://openalex.org/W14765716","https://openalex.org/W2516024171","https://openalex.org/W2488388948","https://openalex.org/W1795003434","https://openalex.org/W6967604216","https://openalex.org/W2154349880","https://openalex.org/W293485514","https://openalex.org/W7001090261","https://openalex.org/W2265166428"],"abstract_inverted_index":{"Purpose":[0],"This":[1],"paper":[2],"aims":[3],"to":[4,42,50,164,210,229,247,377,449,486,513],"examine":[5],"how":[6],"homes":[7,456],"can":[8,48,177,204,263],"be":[9,85,227,264,434,446],"purchased":[10],"and":[11,22,29,36,55,79,91,136,147,184,222,266,333,336,360,366,371,437,453,494,510,520,524],"financed":[12],"by":[13,457,516],"using":[14],"Ijara-based":[15],"diminishing":[16,386],"Musharaka":[17,387],"(IDM)":[18],"modes":[19],"of":[20,59,116,151,158,167,170,189,260,273,315,328,356,363,383,421,461,479,500],"financing":[21,54,329,462,525],"thus":[23,137],"both":[24,88],"the":[25,89,96,99,104,114,117,125,128,134,140,168,171,202,206,215,223,243,250,257,261,267,284,299,303,306,343,357,378,384,393,397,404,410,413,418,422,425,439,476,491,501],"home":[26,141,160,179,262,285,304,364],"buyer":[27],"(HB)":[28],"Islamic":[30],"Bank":[31],"(IB)":[32],"become":[33],"joint":[34],"owners":[35],"share":[37,80,110,115,272],"rental":[38,76,240,274,340],"income":[39,241,275,341],"jointly":[40],"according":[41],"their":[43,455],"respective":[44],"shares.":[45],"Such":[46],"practice":[47],"help":[49],"avoid":[51],"interest-based":[52,67,211,296],"mortgage":[53,145,172,212,297],"eliminates":[56],"excessive":[57,149,187],"risks":[58,150,188],"bankruptcy":[60],"as":[61,73,75,122,396,451,468,470],"it":[62,337,367,432,464,471],"often":[63],"happens":[64],"in":[65,124,155,198,249,256,276,295,522],"conventional":[66],"system.":[68],"Design/methodology/approach":[69],"A":[70],"mathematical":[71],"model":[72,353,429,505],"well":[74,469],"income,":[77],"payments":[78,208,219,310,482],"schedules":[81],"for":[82,144,312,319,322,342,483],"IDM":[83,217,326,352,428,459,504],"will":[84,93,111,119,130,138,225,269,281,433,445,472,506],"developed":[86],"where":[87],"HB":[90,100,129,176,192,203,224,244,254,268,280,300,307,398,414,452,474],"IB":[92,118],"initially":[94],"own":[95,139,178,401],"home.":[97,251,423],"As":[98],"gradually":[101,120],"pays":[102,415],"off":[103,416],"principal":[105],"amount,":[106],"his":[107],"or":[108,153,236,402,408],"her":[109],"increase":[112],"while":[113,294],"decrease":[121],"stipulated":[123],"contract.":[126],"Eventually,":[127],"buy":[131,454],"back":[132],"all":[133,417,518],"shares":[135],"without":[142,180,185],"paying":[143,181,318],"interest":[146,183],"taking":[148,186],"foreclosures":[152],"living":[154],"constant":[156],"fear":[157],"losing":[159],"over":[161],"approximately":[162],"20":[163],"30":[165,323],"years":[166,321,324],"tenure":[169],"payments.":[173],"Findings":[174],"The":[175,191,279,350,503],"any":[182,292,346],"foreclosures.":[190],"is":[193,330,354,368,430,465],"not":[194,226,246,282,290],"borrower":[195],"rather":[196,234],"partners":[197],"business.":[199,348],"In":[200,214],"addition,":[201],"minimize":[205],"total":[207],"compared":[209,376],"financing.":[213],"current":[216,351,426],"model,":[218],"are":[220],"flexible,":[221],"required":[228],"make":[230],"regular":[231,239,271],"installment":[232,293,309,481],"payments,":[233],"he":[235,288],"she":[237],"receives":[238],"if":[242,253,287,305],"chooses":[245],"live":[248],"Even":[252],"lives":[255],"home,":[258],"part":[259],"rented,":[265],"receive":[270],"each":[277],"month.":[278],"lose":[283,302],"even":[286,311,400,438],"does":[289],"pay":[291],"system,":[298],"may":[301],"stops":[308],"a":[313,508,511],"couple":[314],"months":[316],"after":[317],"29":[320],"mortgage.":[325],"mode":[327,460],"risk":[331,466],"free":[332,372,467,473],"worry":[334],"free,":[335],"instantaneously":[338],"creates":[339],"HB,":[344,394],"like":[345],"other":[347,442],"Originality/value":[349],"one":[355],"most":[358,492,495],"recent,":[359],"unique":[361],"approach":[362],"financing,":[365],"extremely":[369,447],"flexible":[370,427],"from":[373,441,475],"many":[374,390],"restrictions":[375,391],"existing":[379,385],"similar":[380],"models.":[381],"Many":[382],"models":[388],"impose":[389],"on":[392],"such":[395],"cannot":[399,406],"rent":[403],"place,":[405],"remodel":[407],"rebuild":[409],"place":[411],"unless":[412],"outstanding":[419],"price":[420],"If":[424],"implemented,":[431],"truly":[435],"revolutionary":[436],"people":[440],"faith":[443],"group":[444],"interested":[448],"join":[450],"pursuing":[458],"because":[463],"financial":[477,514],"slavery":[478],"monthly":[480],"about":[484],"two":[485],"three":[487],"decades,":[488],"especially":[489],"during":[490],"important":[493],"valuable":[496],"prime":[497],"life":[498],"time":[499],"HB.":[502],"unveil":[507],"potential":[509],"promise":[512],"freedom":[515],"removing":[517],"constraints":[519],"preconditions":[521],"purchasing":[523],"homes.":[526]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2020-07-29T00:00:00"}