Dilemmas and Challenges in Islamic Finance

Looking at Equity and Microfinance

Business & Finance
Cover of the book Dilemmas and Challenges in Islamic Finance by , Taylor and Francis
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Author: ISBN: 9781351601856
Publisher: Taylor and Francis Publication: March 9, 2018
Imprint: Routledge Language: English
Author:
ISBN: 9781351601856
Publisher: Taylor and Francis
Publication: March 9, 2018
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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