Housing Inflation: Policy Guidelines from Shariah Perspective
DOI:
https://doi.org/10.33102/jmifr.v16i1.209Keywords:
Islamic finance, Housing policy, Shariah, Macro-economicsAbstract
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.
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Copyright (c) 2019 Azrul Azlan Iskandar Mirza, Asmaddy Haris, Ainulashikin Marzuki, Ummi Salwa Ahmad Bustamam, Hamdi Hakiem Mudasir, Siti Nurazira Mohd Daud
This work is licensed under a Creative Commons Attribution 4.0 International License.
