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The risk sharing philosophy of Islamic finance

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dc.contributor.authorDaud Vicary Abdullah
dc.contributor.authorObiyathulla Ismath Bacha
dc.date.accessioned2018-04-29T08:24:38Z
dc.date.available2018-04-29T08:24:38Z
dc.date.issued2016
dc.description.abstractEconomists 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.en_US
dc.identifier.citationBacha, O. I., & Vicary, D. (2016). The risk sharing philosophy of Islamic finance. SEACEN Financial Stability Journal, 7, pp. 63-72.en_US
dc.identifier.issn2289-6708
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2874
dc.languageEnglish
dc.language.isoengen_US
dc.publisherSEACANen_US
dc.rights2016. SEACAN
dc.sourceSEDONA
dc.subjectRisk sharingen_US
dc.subjectIslamic financeen_US
dc.titleThe risk sharing philosophy of Islamic financeen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
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