Sharia Concepts in Islamic Home Financing Products in Malaysia: An Analysis on Musyarakah Mutanaqisah and the Fiqh Method "The Original Law of a Contract with Conditions is Required and Legal"

Islamic Financing Products have begun to grow rapidly in the current banking and financial industry.This situation can be seen through the increase in Islamic banking assets every year in addition to the participation of more institutions that offer Islamic products.Islamic housing financing products for example feature the application of sharia concepts such as bay bi Thaman ajil (BBA), commodity BBA, ijarah thuma al bay.BBA is most widely used in offering Islamic housing financing products while the use of other concepts such as musyarakah mutaqisah is still considered new.Musyarakah Mutanaqisah is a hybrid contract based on partnership and ending with sole ownership.This concept began to be applied in banking practice in Malaysia after the year 2000.The main aim of this study is to analyze the fiqh method of Presumption of Validity and Consent Applicable to All Contracts and its application in housing financing.The purpose of this identified method is to see the extent of the contracts used by Islamic banking institutions in safeguarding the interests and benefits of customers when purchasing housing.This concept will discuss how a contract should originally be allowed.This study uses qualitative methods through content analysis.