Original Paper : A Practical Comparison between Conventional Housing Loans and Islamic Home Financing

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Original Paper : A Practical Comparison between Conventional Housing Loans and Islamic Home Financing Conventional Housing Loan, Dimensions, Islamic Home Financing, Practitioner

The purpose of this study is to compare the dimensions used in conventional housing loans and Islamic home
financing from the practitioner’s perspective when dealing with Islamic financial debt planning analysis. Embedded mixed method design was used, in which one data set provides support for the other data set. Initially, four documents were reviewed using purposive sampling and the samples underwent content analysis. In addition, qualitative semistructured interviews with two participants through purposive sampling were conducted to clarify the documents studied. The study reveals that conventional housing loans and Islamic home financing have a great range of interpretation dimensions. Some share common dimensions even though different terms are used. The main findings
of the study are that the dimensions that are needed for Islamic financial debt planning analysis are type of financing principles, financial variables, and early settlement clauses. While the results cannot be generalized from the wider samples, the researcher found that the views of practitioners are important in debt planning analysis.

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