| Download Document |
| Document Type: |
General |
| Publish Date: |
2014 |
| Primary Author: |
Pervez Nasim |
| Edited By: |
Suneela Farooqi |
| Published By: |
Islamic Co-operative Housing Corporation Ltd |
A practical model of affordable and interest-free home ownership as an Islamic alternative by the Chairman of Islamic Co-operative Housing Corporation Ltd, North America’s 1st Islamic Financial Institution discussing Musharakah mutanaqisa or decreasing partnership model was adopted, for its simplicity and practical nature for the long term transactions, and a partnership between a family and the community (co-op).
