Participating mortgages: An alternative to housing finance

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dc.authorid0000-0003-3305-7209
dc.contributor.authorVarlı, Yusuf
dc.contributor.otherYönetim Bilimleri Fakültesi, İktisat Bölümü
dc.date.accessioned2019-03-20T08:32:24Z
dc.date.available2019-03-20T08:32:24Z
dc.date.issued2018
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İktisat Bölümü
dc.description.abstractSince the 2007–2008 financial crisis, the markets related to housing finance have been restoring their tools and instruments in order to avoid a new crisis. In this period, while attempting to eliminate structural problems in existing housing finance instruments, on the other hand new products were tried to figure out. In particular, products based on risk sharing have frequently come to the forefront, both in the academia and the industry. In this direction, one such innovative product is the participating mortgage, in which the borrower obtains below-market interest rates in return for a percentage of the property’s future appreciation and/or net operating income. Particularly used in conventional markets, participating mortgage can also be applied within the Islamic finance thanks to the model it is based on. This chapter attempts to introduce the method of participating mortgage with detailed background and intellectual investigation. Including the modeling of participating mortgage, this study also shows how this method can be designed under Islamic finance. Furthermore, implications and fields of application are explored with a discussion of challenges. In this chapter, considering the achievements of participating mortgage method, it is asserted that it can enable the product diversity of the Islamic banks, thereby increasing the share in the global banking sector.
dc.identifier.citationVarlı, Y. (2018), Participating mortgages: An alternative to housing finance, in M. K. Hassan, M. Rashid (eds.) Management of Islamic Finance: Principle, Practice, and Performance (International Finance Review, Volume 19) Emerald Publishing Limited, pp.189 - 206.
dc.identifier.doi10.1108/S1569-376720180000019010
dc.identifier.endpage206
dc.identifier.isbn9.78E+12
dc.identifier.issn1569-3767
dc.identifier.startpage189
dc.identifier.urihttps://doi.org/10.1108/S1569-376720180000019010
dc.identifier.urihttps://hdl.handle.net/20.500.12154/656
dc.identifier.wosWOS:000568961700010
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.institutionauthorVarlı, Yusuf
dc.institutionauthorid0000-0003-3305-7209
dc.language.isoen
dc.publisherEmerald Publishing
dc.relation.ihupublicationcategory124
dc.relation.ispartofManagement of Islamic Finance: Principle, Practice, and Performance
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.rightsinfo:eu-repo/semantics/embargoedAccess
dc.subjectHousing Finance
dc.subjectParticipating Mortgage
dc.subjectIslamic Finance
dc.subjectStochastic Modeling
dc.subjectRisk-Sharing
dc.subjectImplication
dc.titleParticipating mortgages: An alternative to housing finance
dc.typeBook Chapter
dspace.entity.typePublication
relation.isAuthorOfPublicationd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isAuthorOfPublication.latestForDiscoveryd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isOrgUnitOfPublication9d1809d1-3541-41aa-94ed-639736b7e16f
relation.isOrgUnitOfPublication.latestForDiscovery9d1809d1-3541-41aa-94ed-639736b7e16f

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