Dilemmas and Challenges in Islamic Finance - Looking at Equity and Microfinance (Paperback)

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.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	Islamic Business and Finance Series
Release date:	December 2020
First published:	2018
Editors:	Yasushi Suzuki • Mohammad Dulal Miah
Dimensions:	234 x 156mm (L x W)
Format:	Paperback
Pages:	216
ISBN-13:	978-0-367-50426-7
Categories:	Books > Social sciences > Sociology, social studies > Ethnic studies > Islamic studies Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General
LSN:	0-367-50426-X
Barcode:	9780367504267

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