Shariah property investment in Asia

Ghanbari Parsa, A; Muhammad Faishal Bin Ibrahim, M; Ong Seow, E

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.

Citation

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

• Journal Article Type: Article
• Publication Date: Jan 1, 2009
• Deposit Date: Oct 19, 2011
• Journal: Journal of Real Estate Literature
• Print ISSN: 0927-7544
• Publisher: American Real Estate Society
• Peer Reviewed: Peer Reviewed
• Volume: 17
• Issue: 2
• Pages: 231-248
• Publisher URL: http://ares.metapress.com/home/about_publications.mpx#jrel
• Related Public URLs: http://ares.metapress.com/content/8826n12tu38m7u65/