Author

  • Muhammad Ridzuan Abdul Aziz

    • Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Malaysia
    • Malaysia
  • Suraya Ika Tamrin

    • Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Malaysia
    • Malaysia
  • Abidah Saad

    • Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Malaysia
    • Malaysia
  • Mohammad Zulfakhairi Mokhtar

    • Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Malaysia
    • Malaysia
  • Nor Shahrul Nizam Muhamad Nor

    • Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Malaysia
    • Malaysia

Abstract

The present research aims to highlight trends in the previous research conducted on the Musyarakah Mutanaqisah arrangement. This research conducted a systematic literature review on the Musyarakah Mutanaqisah arrangement on the Scopus database from 2018 until July 2023. This research includes 21 journal articles from the 29 documents retrieved from the Scopus database. It was found that interviews and questionnaire surveys were the most frequently used methods in researching Musyarakah Mutanaqisah. Diverse variables have been studied in previous research. Most previous research on the Musyarakah Mutanaqisah arrangement was carried out in Malaysia since Malaysia is the leader in Islamic finance. Not all previous research was supported by theories or models. Most of the previous research on Musyarakah Mutanaqisah has focused on home financing facility. The findings from the present research can provide the foundation for future research on the Musyarakah Mutanaqisah arrangement.

Keywords

References

  • Abdul Jabar, N., Ramli, R. & Abidin, S. (2018). Understanding the musharakah mutanaqisah of Koperasi Pembiayaan Syariah Angkasa (KOPSYA). ISRA International Journal of Islamic Finance, 10(1), 62-77.
  • Alkhan, A. M., Hassan, M. K. & Hasan, R. (2020). Conceptualizing Islamic credit cards based on musharaka mutanaqisa. Journal of Islamic Monetary Economics and Finance, 6(4), 747-766.
  • Asadov, A., Muhamad Sori, Z. B., Mohamad Ramadilli, S., Anwer, Z. & Shamsudheen, S. V. (2018). Musharakah mutanaqisah home financing: Issues in practice. Journal of Islamic Accounting and Business Research, 9(1), 91-103.
  • Bahari, Z., Hatizak, N. & Doktoralina, C. M. (2019). Study of direct relationship determinants on the selection of musyarakah mutanaqisah products (MM). International Journal of Innovation, Creativity and Change, 6(1), 121-132.
  • Bahlous-Boldi, M. (2020). Resilient homeownership: How partnership-based finance would have prevented the 2008 US mortgage crisis. International Journal of Housing Markets and Analysis, 14(2), 283-304.
  • Hanif, M. (2019). Islamic mortgages: Principles and practice. International Journal of Emerging Markets, 14(5), 967-987.
  • Islam, R. & Ahmad, R. (2022). Incorporation of mudarabah, musharakah and musharakah mutanaqisah with microfinance: A sustainable livelihood approach to poverty alleviation. Journal of Economic Cooperation and Development, 43(1).
  • Khan, W. & Nomani, A. (2020). Analysis of Islamic finance as an alternative method for agricultural financing. The Islamic Quarterly, 64(2), 127-146.
  • Kitchenham, B., Breton, O. P., Budgen, D., Turner, M., Bailey, J. & Linkman, S. (2009). Systematic literature review in software engineering – a systematic literature review. Information and Software Technology, 51(1), 7-15.
  • Ma, Y. & Md Taib, F. (2023). An Islamic co-operative housing solution for China’s housing affordability issues. Journal of Islamic Accounting and Business Research, 14(3), 489-513.
  • Ma, Y., Md Taib, F. & Ojuolape Gold, N. (2023). An Islamic principle-based integrated solution for China’s housing affordability issues. International Journal of Housing Markets and Analysis.
  • Mashal, A., Hajal, A., Majoul, O. K. & Ansary, M. R. (2018). Sale with the temporary exclusion of usufruct: A critical examination of its use in financing home purchases. ISRA International Journal of Islamic Finance, 10(1), 85-93.
  • Md Zabri, M. Z. & Mohammed, M. O. (2018a). Qualitative validation of a financially affordable Islamic home financing model. ISRA International Journal of Islamic Finance, 10(2), 143-161.
  • Md Zabri, M. Z. & Mohammed, M. O. (2018b). Examining the behavioral intention to participate in a cash waqf-financial cooperative-musharakah mutanaqisah home financing model. Managerial Finance, 44(6), 809-829.
  • Md Zabri, M. Z. & Haron, R. (2019). A comparative analysis of financial affordability in Islamic home financing instruments in Malaysia. International Journal of Housing Markets and Analysis, 12(6), 1093-1112.
  • Muneeza, A., Fauzi, M. F., Mat Nor, M. F., Abideen, M. & Ajroudi, M. M. (2020). House financing: Contract used by Islamic banks for finished properties in Malaysia. Journal of Islamic Accounting and Business Research, 11(1), 168-178.
  • Nor, M. Z. M., Mohamad, A. M., Azhar, A., Latif, H. M., Khalid, A. H. M. & Yusof, Y. (2019). Legal challenges of musharakah mutanaqisah as an alternative for property financing in Malaysia. Journal of Legal, Ethical and Regulatory Issues, 22(3), 1-8.
  • Okoli, C. & Schabram, K. (2010). A guide to conducting a systematic literature review of information systems research. Sprouts: Working Papers on Information Systems, 10(26), 1-49.
  • Redzuan, N. H., Kassim S. & Abdullah, A. (2018). Rental yield as an alternative to interest rate pricing musyarakah mutanaqisah home financing – The case for Malaysia. Al-Shajarah, Special Issue (Islamic Banking and Finance), 69-88.
  • Shaikh, I. M. & Noordin, K. (2020). Acceptance of Islamic equity-based mortgage product: An extension of the decomposed theory of planned behavior. Journal of Islamic Monetary Economics and Finance, 6(2), 403-418.
  • Shahwan, S., Sapian, S. M., Ibrahim, N., Mohammed, M. O., Agha, E. & Kanesan, T. (2022). Ranking the compliance of Islamic banking home financing products with Maqasid Shariah using AHP. International Journal of the Analytic Hierarchy Process, 14(3), 143-161.
  • Smolo, E. & Musa, A. M. (2020). The (mis)use of al-hilah (legal trick) and al-makhraj (legal exit) in Islamic finance. Journal of Islamic Accounting and Business Research, 11(9), 2169-2182.
  • Sumer, L. (2023). An alternative interest-free home financing model. International Journal of Housing Markets and Analysis, 16(2), 408-425.
  • Tamrin, S. I., Norman, A. A. & Hamid, S. (2017). Information systems security practices in social software applications: A systematic literature review. Aslib Journal of Information Management, 69(2), 131-157.
  • Xiao, Y. & Watson, M. (2019). Guidance on conducting a systematic literature review. Journal of Planning Education and Research, 39(1), 93-112.

Downloads

No downloads have been recorded for this article yet. Figures appear here once readers begin downloading the full text.

How to Cite

Abdul Aziz, M. R., Tamrin, S. I., Saad, A., Mokhtar, M. Z., & Muhamad Nor, N. S. N. (2023). Musyarakah Mutanaqisah: A Systematic Literature Review. Information Management and Business Review, 15(3(SI), 163-171. https://doi.org/10.22610/imbr.v15i3(SI).3470

Share this article

Section

Research Paper

Published

2023-09-17

Submissions

Have research to publish? Information Management and Business Review welcomes submissions.

Make a Submission