Chowdhury, Naeem (2016) Mush̄ārakah and Mudārabah Instruments: Assessing their Characteristics. International Journal of Banking and Finance (IJBF), 10 (2). pp. 25-48. ISSN 1675-7227

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Abstract

Until very recently, equity financing is more in line with the spirit of Islam as compared with debt financing. As such, mushārakah and mudārabah are the preferred modes for Islamic investors. It is therefore a matter of a concern that even after four decades after Islamic finance captured the attention of investors around the globe, these two purest genres account only for a small percentage of Islamic financial industry. The paper examines more searchingly for the reasons why mushārakah and mudārabah occupy such insignificant place among Islamic financial products. This paper offers an analytical insight.

Item Type:	Article
Uncontrolled Keywords:	Islamic finance, mushārakah, mudārabah, rothchild-stiglitz framework, heterogeneity JEL Classification: P5
Subjects:	H Social Sciences > HG Finance
Divisions:	UUM Press
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	17 Oct 2018 04:27
Last Modified:	17 Oct 2018 04:27
URI:	https://repo.uum.edu.my/id/eprint/24976

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