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OverviewThe 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. Full Product DetailsAuthor: Yasushi Suzuki (Ritsumeikan Asia Pacific University, Japan) , Mohammad Dulal MiahPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.430kg ISBN: 9780367504267ISBN 10: 036750426 Pages: 234 Publication Date: 18 December 2020 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviews"""The book addresses many recent and major issues in Islamic economics and finance; the concentration of services in Murabaha and its syndrome throughout the world, the critique on the comparison of Riba vs. interest, and Gharar vs. uncertainty, lack of emphasis on Islamic microfinance, the arguments on Sukuk, the emergence of Islamic venture capital and many others…"" ─ Turkish Journal of Islamic Economics, Volume 6, Issue 2, 2019" The book addresses many recent and major issues in Islamic economics and finance; the concentration of services in Murabaha and its syndrome throughout the world, the critique on the comparison of Riba vs. interest, and Gharar vs. uncertainty, lack of emphasis on Islamic microfinance, the arguments on Sukuk, the emergence of Islamic venture capital and many others... Turkish Journal of Islamic Economics, Volume 6, Issue 2, 2019 Author InformationYasushi Suzuki is Professor at the Ritsumeikan Asia Pacific University, Japan. Mohammad Dulal Miah is Assistant Professor at the University of Nizwa, Oman. Tab Content 6Author Website:Countries AvailableAll regions |
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