Towards a re‐evaluation of the role of finance in the causation of environmental degradation

Hutchinson, F. E.; Burkitt, Brian

doi:10.1080/13549839708725509

Cited by 2 publications

(2 citation statements)

References 5 publications

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“…The body of economic theory known as Douglas Social Credit was globally popular in the interwar years (see Hutchinson and Burkitt, 1997a). Douglas demonstrated through his muchmaligned A+B theorem that decisions relating to the production and distribution of wealth, and hence to the welfare of all, were dependent upon an archaic system of accounting dating back to the pre-industrial era of single-stage production.…”

Section: Dynamics Of Debt Financementioning

confidence: 99%

“…A popular feature of his programme was a system of 'consumer credits' or a 'national dividend' payable to all citizens on the strength of the common cultural heritage. Central to social credit theory was the quest for community control over production and distribution through endorsement of community banking and finance (Hutchinson andBurkitt, 1997a, 1997b).…”

Section: Ownership and Property Rightsmentioning

confidence: 99%

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Towards a new approach to income distribution and enviromental sustainability

Hutchinson

Burkitt

1999

Sust. Dev.

Self Cite

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Section: Dynamics Of Debt Financementioning

confidence: 99%

Section: Ownership and Property Rightsmentioning

confidence: 99%

Towards a new approach to income distribution and enviromental sustainability

Hutchinson

Burkitt

1999

Sust. Dev.

Self Cite

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Gold-based housing financing model: proposing an alternative housing financing model for Islamic bank

Ivantri,

Azizi,

Yudha

et al. 2024

JIABR

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Purpose This paper aims to propose a new housing finance mechanism through gold price as an alternative to interest rate in Islamic home financing, especially on Bai’Bithaman Ajil (BBA) contract. Design/methodology/approach This study using simulation approach to calculate the monthly installments for home financing using gold price references. In simple terms, propose a financing formula in the BBA contract by converting the selling price of the house to the gold price, and then the monthly installments also follow the actual gold price. The authors provide an example by simulating this formula using historical data and cases of housing financing at Indonesian Islamic banks. The authors compare housing financing models based on gold prices and interest rates. Finally, The authors can compare the two housing financing models that are affordable for low-income people. Findings The results show that in the initial period, monthly installments of BBA based on gold price were lower than home financing based on interest rate. This result makes it possible for low-income people who cannot access financing based on interest rates to access financing based on gold price. However, the total installments of financing based on gold prices are higher than the financing model based on interest rates. Research limitations/implications The paper confines one contract, namely, BBA, as it is claimed to be more Shariah-compliant than others. Practical implications These findings suggest an alternative model for Islamic banks and regulatory authorities in Indonesia to replace the interest rate reference with the gold price in BBA contract housing financing. This model can offer competitive advantages for Islamic banks, including lower initial installments and inflation-protected profits, serving as a means of differentiating them from conventional banks. Social implications Gold price-based housing financing model in Islamic banks will increase the affordability of housing financing for low-income people. Originality/value This paper tries to solve two problems, namely, first, the problem of assuming that Islamic and conventional banks are the same, and second, the problem of housing finance affordability. This study needs to be explored.

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Towards a re‐evaluation of the role of finance in the causation of environmental degradation

Cited by 2 publications

References 5 publications

Towards a new approach to income distribution and enviromental sustainability

Towards a new approach to income distribution and enviromental sustainability

Gold-based housing financing model: proposing an alternative housing financing model for Islamic bank

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