The House Building Finance Corporation Limited Pakistan: A Sharia’h Appraisal of Ghar Aasan Flexi Scheme

  • Journal Editor Al-Idah Shaykh Zayed Islamic Centre, University of Peshawar
  • Muhammad Asghar Shahzad Dr. Muhammad Farooq

Abstract

The main purpose of this paper is to examine the Sharia’h appraisal of House Building Finance Corporation Limited. The House Building Finance Corporation was established in 1952 under the act of parliament to finance construction of houses in the urban areas of Pakistan. In this research Ghar Aasān (Flexi) product of HBFCL is examined from Sharia’h perspective and a comparison is made with Islamic Banking (Meezan Bank Limited) and Conventional Banking United Bank Limited (UBL). This study also comprises the opinion of Sharia’h experts for the shariah compliance of Ghar Aasān (Flexi) scheme.

Published
2019-06-13
How to Cite
[1]
Al-Idah, J.E. and Muhammad Asghar Shahzad Dr. Muhammad Farooq 2019. The House Building Finance Corporation Limited Pakistan: A Sharia’h Appraisal of Ghar Aasan Flexi Scheme. Al-Idah . 29, - 2 (Jun. 2019), 117 - 127.
Section
Articles