Unlocking the theory of Islamic mortgage behaviour

HOUSE ranks only next to food and clothing. It is so pivotal to define individual’s health, family expansion, privacy for ibadah, and happiness. Poor housing leads to psychological stress emanated from excessive noise, family breakdown that affects children’s well-being and lowly productivity stemmed from poor access to a workplace, among others.

Despite its essential, many millennials find a difficulty to have houses at a young age. It is owing to the fact that a house is a large ticket item that could end up costing to homebuyers a lot more than other big items, taking many more years to pay off the house to secure the homeownership. In fact, house values over the long run tend to rise just slightly faster than inflation, making it a worse investment alternative fo...