A COMPARATIVE STUDY OF HOME FINANCING PRODUCTS: MAYBANK ISLAMIC'S HOUZKEY AND BANK ISLAM’S BAITI HOME FINANCING

Abstract

This study compares two prominent Shariah-compliant home financing products in Malaysia: Baiti Home Financing by Bank Islam and HouzKEY Home Financing by Maybank Islamic. The objective is to evaluate and contrast the features, terms, financing structures, and overall suitability of each product from both legal and practical perspectives. Key aspects examined include profit calculation methods, Shariah compliance models, financing flexibility, eligibility requirements, and value-added benefits. The research adopts a qualitative methodology using library-based research, with data gathered from secondary sources such as journal articles, books, policy documents, regulatory standards, resolutions, and product disclosure sheets. By analysing the offerings of both institutions, this study aims to provide potential homeowners and stakeholders with comprehensive insights into Islamic home financing alternatives. The findings are expected to contribute to better consumer decision-making and assist financial institutions in identifying areas for product enhancement in line with Shariah principles and consumer expectations.