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All Journal IJIBE (International Journal of Islamic Business Ethics)
Dzuljastri Abdul-Razak
Department of Finance Kulliyyah of Economics and Management Sciences International Islamic University Malaysia
Economics, Econometrics & Finance

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DETERMINANTS OF ABANDONED HOUSING PROJECTS IN MALAYSIA Dzuljastri Abdul-Razak
IJIBE (International Journal of Islamic Business Ethics) Vol 1, No 1 (2016): March 2016
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ijibe.1.1.1-12

Abstract

The issues of abandoned housing projects are not new in Malaysia.Without proper measures to tackle, they will continue to haunt homebuyers. This study examines responses of 328 customersobtained bymeans of self-administered questionnaires. Four variables namelylack of justice and equity, methods of computing and pricing, natureof contract and lack of legal and governance were used as variables.The results indicated that all the hypothesized relationships aresupported. Of these, the nature of contract was found to be the maincause of the problem. The results contributes to the scanty empiricalresearch in this area. It also benefits managers of Islamic banksto address issues that are affectingabandoned housing projects inMalaysia.
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