Islamic finance in multipolar world
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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.
Banking & insurance , Financial industry , Islamic finance , Money & wealth , Insurance
Mirakhor, A. (2011). Islamic finance in multipolar world. European Financial Review, (October 2011). Retrieved from http://www.europeanfinancialreview.com/?p=2501
The European Financial Review