Islamic Securitization Conceptual Framework in Malaysia
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 12
Abstract
Asset securitization began in 1970 when the Government National Mortgage Association (Ginnie Mae) of the United States introduced planned funding of mortgage pools. This situation affected the financial market for matured and successful securitization loans to control the mortgage market in the United States. Asset securitization is now a highly important factor for both consumers and businesses. In the United States, Europe, Japan and East Asia, asset securitization is growing significantly and attracting many investors to explore the asset securitization market for a diversity of asset investments and increased profitability. It has subsequent to the credit disaster where investors are yet anxious with elevated danger delightful and unbalanced asset cost that loses appetite in conservative economics, accordingly rendering the development of Islamic economics in worldwide incident. Due to this fact, its excellent development has been energized by rolling demand for shariah acquiescent merchandises from bankers in the Middle East and other Muslim regions. Based on a review of the literature, this research proposed a conceptual framework of Islamic securitization in Malaysia.
Authors and Affiliations
Nurayati Dabas, Mohammed Hariri Bakri
Keywords
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- EP ID EP429125
- DOI 10.9790/487X-2012054044.
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