Islamic Capital Markets and Development
Publish Year: 1391
نوع سند: مقاله کنفرانسی
زبان: English
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شناسه ملی سند علمی:
ACMFEP22_056
تاریخ نمایه سازی: 12 شهریور 1392
Abstract:
Given the frequency, depth and the diverse nature of economies that have had to suffer from financial crises, make it appropriate to question the system. We argue that conventional capital markets that are heavily biased towards debt and debt based instruments are inherently unstable and mere reregulation would miss the point. We propose therefore, a risksharing framework that minimizes if not avoid debt completely and brings about renewed stability.
Authors
Obiyathulla Ismath Bacha
Head of Graduate Studies in International Center for Education in Islamic Finance (INCEIF)