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Risk sharing in corporate and public finance: the contribution of Islamic finance

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dc.contributor.authorAbbas Mirakhor
dc.contributor.authorHossein Askari
dc.contributor.authorObiyathulla Ismath Bacha
dc.date.accessioned2016-06-06
dc.date.accessioned2016-07-25T19:25:44Z
dc.date.available2016-06-06
dc.date.available2016-07-25T19:25:44Z
dc.date.disclosure2016-06-10
dc.date.issued2015
dc.description.abstractThe risk sharing principles of Islamic finance as embodied in mudarabah and musharakah contracts have been extensively used throughout history. For example, the maritime trades of 14th century Italian city-states with Middle East and Asia were financed by ‘sea loans' and ‘commenda’. Historians have traced the development of commenda to borrowing from the concept of mudarabah used by Muslims (Udovitch, 1962; 1967; 1970; Mirakhor, 2003). They have also recorded how crucially important these contracts were to the growth of not only the maritime trade but also to the economic, social and political progress of European city-states.
dc.identifier.citationBacha, O. I., Mirakhor, A., & Askari, H. (2015). Risk sharing in corporate and public finance: the contribution of Islamic finance. PSL Quarterly Review, 68(274), pp. 187-213.
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/1308
dc.languageEnglish
dc.language.isoeng
dc.publisherUniversita di Roma
dc.rights2015. Universita di Roma
dc.sourceCRP
dc.subjectRisk sharing
dc.subjectIslamic finance
dc.subjectMudarabah contract
dc.subjectMusharakah contract
dc.titleRisk sharing in corporate and public finance: the contribution of Islamic finance
dc.typeJournal Article
dlc.maintopicIslamic finance
dlc.subtopicRisk sharing in Islamic finance
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic finance
ikr.topic.subtopicIslamic finance
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