Dilemmas and challenges in Islamic finance :
looking at equity and microfinance
Suzuki, Yasushi
Editor
Miah, Mohammad Dulal
Editor
mixed material
bibliography
London
Routledge
2018
en
English
xiv, 216 pages ; 25 cm.
Islamic business and finance series
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.
Finance
Islamic Countries
Microfinance
Finance -- Religious aspects -- Islam
Finance -- Islamic countries
Microfinance -- Islamic countries
Finance (Islamic law)
332.091767
9781138095403
e-Library Universitas Pertamina Be Global Leader
332.091767 SUZ d
8946/PUP/2019
Perpustakaan Universitas Pertamina
332.091767 SUZ d c.1
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