ISLAMIC ETHICS, PRACTICES, AND OPPORTUNITIES IN THE PERSPECTIVE OF ISLAMIC FINANCIAL MORTGAGE: A QUALITATIVE RESEARCH STUDY

Abstract

Islamic financial mortgages offer Sharīʿah-friendly alternatives to conventional interest-based home financing. It is a crucial part of the contemporary Islamic financial market. Islamic mortgages seek to balance economic activities and moral obligations. They rely on Islamic ethics such as forbearance, justice, societal responsibility, and mutual risk (Askari et al., 2010). Using an interpretivist research methodology, this study examines operational mechanisms, ethical foundations, and new opportunities in Islamic financial mortgages. It highlights how Islamic ethical foundations are applied to mortgage schemes through qualitative approaches, Islamic texts, and contemporary scholarship. The results show that Islamic mortgages have significant potential for sustainable development, ethical finance, and financial inclusion, regulatory, institutional and perceptual obstacles (ʿUs̲mānī, 2002).