Dilemmas and challenges in Islamic finance: looking at equity and microfinance

The phenomenal growth of Islamic finance in the last few decades has been accompanied by a host of interesting questions and challenges. One of the critical challenges is how Islamic financial institutions can be motivated to participate in the 'equity-like' profit-and-loss sharing (PLS) c...

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Bibliographische Detailangaben
Weitere Verfasser: Suzuki, Yasushi 1963- (HerausgeberIn), Miah, Mohammad Dulal (HerausgeberIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: London Routledge 2018
Schriftenreihe:Islamic business and finance
Islamic business and finance series
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Zusammenfassung:The phenomenal growth of Islamic finance in the last few decades has been accompanied by a host of interesting questions and challenges. One of the critical challenges is how Islamic financial institutions can be motivated to participate in the 'equity-like' profit-and-loss sharing (PLS) contracts. It is observed that Islamic banks are reluctant to participate in the pure PLS scheme which is manifested by the rising concentration of investment on murabaha or mark-up financing. This phenomenon has been the hotbed of academic criticism on the contemporary practice of Islamic banking. This book explains the 'murabaha syndrome' in light of the incentive provided by the current institutional framework and what are the changes required in the governance structure to mend this anomaly
Beschreibung:1 online resource
ISBN:9781315105673
1315105675
9781351601856
1351601857
9781351601863
1351601865
9781351601849
1351601849

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