Publication:
The risk sharing philosophy of Islamic finance
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Date
2016
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Abstract
Economists typically divide the overall macro economy into two sectors, the real sector and financial sector. The real sector represents the productive capacity of the economy and produces the goods and services that accounts for a nation's GDP (Gross Domestic Product). The financial sector on the other hand serves to provide the financing needed by the real sector to produce the goods and services. Islamic economics requires that all financial returns be anchored in real sector returns. For an economy to function optimally, both the real and financial sectors need to function optimally.
Keywords
Risk sharing , Islamic finance
Citation
Bacha, O. I., & Vicary, D. (2016). The risk sharing philosophy of Islamic finance. SEACEN Financial Stability Journal, 7, pp. 63-72.
Publisher
SEACAN
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