Housing Inflation: Policy Guidelines from Shariah Perspective

  • Azrul Azlan Iskandar Mirza Universiti Sains Islam Malaysia
  • Asmaddy Haris Universiti Sains Islam Malaysia
  • Ainulashikin Marzuki Universiti Sains Islam Malaysia
  • Ummi Salwa Ahmad Bustamam Universiti Sains Islam Malaysia
  • Hamdi Hakiem Mudasir Universiti Sains Islam Malaysia
  • Siti Nurazira Mohd Daud Universiti Utara Malaysia
Keywords: Islamic finance, Housing policy, Shariah, Macro-economics

Abstract

The soaring housing prices in Malaysia is not a recent issue. It is a global phenomenon especially in developing and developed countries, driven by factors including land price, location, construction materials cost, demand, and speculation. This issue demands immediate attention as it affects the younger generation, most of whom could not afford to buy their own house. The government has taken many initiatives and introduced regulations to ensure that housing prices are within the affordable range. This article aims to introduce a housing price control element from the Shariah perspective, as an alternative solution for all parties involved in this issue. It adopts content analysis methodology on policy from Shariah approved sources.

Published
2019-06-12
How to Cite
Iskandar Mirza, A. A., Haris, A., Marzuki, A., Ahmad Bustamam, U. S., Mudasir, H. H., & Mohd Daud, S. N. (2019). Housing Inflation: Policy Guidelines from Shariah Perspective. The Journal of Muamalat and Islamic Finance Research, 16(1). https://doi.org/10.33102/jmifr.v16i1.209
Section
Regular Issues