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

See all articles by Michael J. T. McMillen

Michael J. T. McMillen

Curtis, Mallet-Prevost, Colt & Mosle LLP; University of Pennsylvania Law School

Date Written: August 30, 2012

Abstract

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

McMillen, Michael J. T., Islamic Banking: Home Purchase Financings II: Musharaka Mutanaqisa (August 30, 2012). 2012 Oman Law Blog of Curtis, Mallet-Prevost, Colt & Mosle LLP, Available at SSRN: https://ssrn.com/abstract=2276253

Michael J. T. McMillen (Contact Author)

Curtis, Mallet-Prevost, Colt & Mosle LLP ( email )

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University of Pennsylvania Law School ( email )

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