Publication:
Islamic finance in multipolar world
Abstract
Continuation of a debt-based financing regime will not necessarily allow the benefits of emerging multipolarity to accrue to the world economy. The new system can be more effective with a new regime of financing. Indications are that almost all emerging countries in Asia are actively considering risk sharing via Islamic finance as a possible alternative.
Keywords
Banking and insurance , Financial industry , Islamic finance , Money and wealth , Emerging and frontier markets
Citation
Mirakhor, A. (2011). Islamic finance in multipolar world. European Financial Review, (October 2011). Retrieved from http://www.europeanfinancialreview.com/?p=2501
Publisher
The European Financial Review