ABSTRACT
Home ownership has been a problem to many people in Nigeria. This is the more reason why efforts are being made from all quarters to alleviate this problem. The two most prominent of these efforts are the Home Financing Schemes, otherwise known as Mortgage Financing, which are made by the public corporations and private institution. The effort of the public corporations is known as Conventional Mortgage Financing while a part of the private institution is that of the Islamic Economic System known Islamic Mortgage Financing. The focus of this research study is to compare the legal frameworks of these two opposite mortgage financing schemes. This is to be able to balance the regulatory issues that generate from the acceptability of these schemes in other to avail the Muslims the understanding of opting for the scheme that best aligns with the demand of their faith, without necessarily transgressing the law of the land in any way, bearing in mind the nascent status of the Islamic option, which is yet to enjoy a focused/specific municipal legal attention.
TABLE OF CONTENTS PAGES
COVER PAGE
CERTIFICATION PAGE
ABSTRACT
TABLE OF CONTENTS
DEDICATION
ACKNOWLEDGMENT
TABLE OF CASES
TABLE OF STATUTES
INTERVIEWS AND PERSONAL COMMUNICATION
LIST OF ABREVIATIONS
CHAPTER 1
GENERAL INTRODUCTION
1.0.0 INTRODUCTION
1.1.0 BACKGROUND OF THE STUDY
1.2.0 OBJECTIVE OF THE STUDY
1.3.0 FOCUS OF THE STUDY
1.4.0 SCOPE OF THE STUDY
1.5.0 METHODOLOGY
1.6.0 LITERATURE REVIEW
1.7.0 DEFINITION OF TERMS
1.8.0 CONCLUSION
CHAPTER 2
CONCEPTUAL FRAMEWORKS OF CONVENTIONAL AND ISLAMIC MORTGAGE FINANCING
2.0.0 INTRODUCTION
2.1.0 CONCEPT OF CONVENTIONAL MORTGAGE FINANCING
2.1.1 MORTGAGE FINANCIAL INDUSTRY IN NIGERIA
2.1.2 PUBLIC MORTGAGE FINANCIAL INSTITUTIONS
2.2.0: CONCEPT OF ISLAMIC MORTGAGE FINANCING
2.2.1: ISLAMIC COOPERATIVE SOCIETY
2.2.2: THE PRODUCTS OF ISLAMIC MORTGAGE FINANCING
2.3.0: CONCLUSION
CHAPTER 3
EXAMINATION OF THE LEGAL FRAMEWORKS OF CONVENTIONAL AND ISLAMIC MORTGAGE FINANCING
3.0.0: INTRODUCTION
3.1.0: THE LEGAL FRAMEWORK UNDER THE NIGERIAN 1999CONSTITUTION
3.1.1: THE LEGAL FRAMEWORK UNDER THE CBN ACT, 2007
3.1.2: THE LEGAL FRAMEWORK UNDER THE FMBN ACT,2004
3.2.0: MORTGAGE FINANCING UNDER THE SHARI’AH
3.3.0: THE ISLAMIC MORTGAGE FINANCING UNDER THE NIGERIAN STATUTES
3.3.1: THE LEGAL FRAMEWORK UNDER THE NIGERIAN 1999 CONSTITUTION
3.3.1: THE LEGAL FRAMEWORK UNDER THE CBN ACT,2004
3.3.2: THE LEGAL FRAMEWORK UNDER THE BOFIA, 2004
4.4.0: CONCLUSION
CHAPTER 4
ANALYSIS OF THE LEGAL FRAMEWORKS
4.0.0: INTRODUCTION
4.1.0: THE SIMILARITY BETWEEN THE LEGAL FRAMEWORKS OF CONVENTIONAL AND ISLAMIC MORTGAGE FINANCING SCHEMES
4.1.1: THE CONTRAST BETWEEN THE LEGAL FRAMEWORKS OF CONVENTIONAL AND ISLAMIC MORTGAGE FINANCING SCHEMES
4.2.0: CONCLUSION
CHAPTER 5
GENERAL CONCLUSION
5.0.0: CONCLUSION
5.1.0: RECOMMENDATION
BIBLIOGRAPHY
ARTICLES IN JOURNALS
ARTICLES ON THE INTERNET
BOOKS
PAPERS PRESENTED AT CONFERENCE, WORKSHOPS AND SEMINARS