Description |
1 online resource |
Series |
Islamic business and finance |
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Islamic business and finance series.
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Contents |
Cover; Title; Copyright; Contents; List of figures; List of tables; List of contributors; Foreword; Foreword; Foreword; Preface; Acknowledgements; Introduction; Part I Dilemmas and challenges on the prohibition of riba and gharar; 1 Heterodox vs. Islamic views on interest and uncertainty: Commonalities and contradictions; 2 A critique to a naïve critique to 'murabaha' 'tawarruq' syndrome; 3 An inquiry into the scope of 'acceptable' gharar; Part II Issues in Islamic equity finance and microfinance |
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4 Altruism and reciprocity in Islamic equity fund: New Institutional and philosophical speculations; 5 Anatomy of Islamic venture capital: Typology of Bahraini/Indonesian Islamic venture capital; 6 Sukuk environment and challenges in Bangladesh and Malaysia (with the supplement of the Japan-sukuk case); 7 A comparative study between the Grameen and Islamic modes of microfinance in Bangladesh with reference to Islamic microfinance in Pakistan |
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8 An impact assessment of Islamic Saving-Loan and Financing Cooperatives in Indonesia: Preliminary findings from the artificial neural networks technique; Part III Dilemmas and challenges in governance structure; 9 Anatomy of governance structure in the mode of Islamic finance: An emphasis on the governance over Shari'ah boards; 10 A comparative study on Shari'ah compliance frameworks: Is the integrated or separated model well suited to Bangladesh?; 11 Alternative views upon the 'division of work' and 'specialization' towards a new mode of profit-loss sharing; Conclusion |
Summary |
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 |
Bibliography |
Includes bibliographical references and index |
Notes |
Online resource; title from PDF title page (EBSCO, viewed March 19, 2018) |
Subject |
Finance -- Religious aspects -- Islam.
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Finance -- Islamic countries
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Microfinance -- Islamic countries
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BUSINESS & ECONOMICS -- Finance.
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Finance.
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Finance -- Religious aspects -- Islam.
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Microfinance.
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Islamic countries.
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Form |
Electronic book
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Author |
Suzuki, Yasushi, 1963- editor.
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Miah, Mohammad Dulal, editor.
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ISBN |
9781315105673 |
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1315105675 |
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9781351601856 |
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1351601857 |
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9781351601863 |
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1351601865 |
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9781351601849 |
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1351601849 |
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