Purpose

This paper critically aims to examine the concept of beneficial ownership and its application in musharakah-based home financing.

Design/methodology/approach

The study applies the method of juristic interpretation in analyzing the meaning of beneficial ownership in legal documentation of musharakah-based home financing. This qualitative study uses content analysis approach that investigates the works of Islamic scholars on the concept of ownership and evaluates the concept of beneficial ownership in musharakah-based home financing from the Islamic perspective.

Findings

The result finds that beneficial ownership is considered a true ownership, as Shari’ah allows the transfer of ownership based on the offer and acceptance in a contract. Furthermore, the absence of legal registration does not mean the absence of true ownership, whereas all documentations and agreements have clearly stated rights and liabilities of each contracting parties.

Originality/value

This paper provides a fiqhi discussion of analyzing beneficial ownership in musharakah-based home financing. It shows that Shari’ah parameters are essential for the use of beneficial ownership to ensure its compliance with the Shari’ah requirements of milkiyyah (ownership).

中文翻译：

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马来西亚基于 mushārakah 的房屋融资中受益所有权的批判性分析

目的

本文主要旨在研究实益所有权的概念及其在基于穆沙拉卡的家庭融资中的应用。

设计/方法/方法

本研究运用法律解释的方法来分析基于穆沙拉卡的房屋融资法律文件中受益所有权的含义。这项定性研究使用内容分析方法，调查伊斯兰学者关于所有权概念的著作，并从伊斯兰的角度评估基于穆沙拉卡的房屋融资中的受益所有权概念。

发现

结果发现，受益所有权被视为真正的所有权，因为伊斯兰教法允许根据合同中的要约和接受转让所有权。此外，没有合法登记并不意味着没有真正的所有权，所有的文件和协议都明确规定了各方的权利和责任。

原创性/价值

本文提供了分析基于穆沙拉卡的家庭融资中的受益所有权的 fiqhi 讨论。它表明伊斯兰教法参数对于使用实益所有权至关重要，以确保其符合 Milkiyyah（所有权）的伊斯兰教法要求。