Islamic Banking: Home Purchase Financings II: Musharaka Mutanaqisa
2012 Oman Law Blog of Curtis, Mallet-Prevost, Colt & Mosle LLP
7 Pages Posted: 9 Jun 2013
Date Written: August 30, 2012
This article describes the generic musharaka mutanaqisa (diminishing musharaka or diminishing partnership) structure used in Shari'ah-compliant home purchase financings. The same structure, in a more sophisticated form, is used in some project and infrastructure financings.
Keywords: Islamic banking, banking, Islamic finance, diminishing musharaka, musharaka mutanaqisa, partnership, mortgage, house, home, project finance, infrastructure finance
JEL Classification: E40, E41, E44, F00, F02, F20, F21, F23, F30, G30, G21, G24, G29
Suggested Citation: Suggested Citation