Publication:
The relevance of risk sharing for modern economies: the case of Germany 1933-35
Abstract
Islamic finance is often criticized for its non-practicality in today's modern economics. The principles of promoting exchange and prohibition of interest-rate based transactions are understood as endorsing risk sharing economic system is said to be incompatible in an open and modern market like today. This view was contrary to the spirit of the 2012 Kuala Lumpur Declaration, where Islamic-scholars, jurisprudents, and economists all vouched to force the enactment of risk sharing principle into our economic system ...
Keywords
Risk sharing macroeconomic policy , Economic history , Islamic financial system , Work-creation program , Germany 1933-1935
Citation
Putri Swastika. (2017). The relevance of risk sharing for modern economies: the case of Germany 1933-35 (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3027
Publisher
INCEIF
Available in physical copy only (Call Number: t HB 171.5 P993)