Adapting mudarabah financing to contemporary realities: a proposed financing structure
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Islamic banking in Malaysia, despite its recent start, has seen very rapid growth. This growth however has beem uneven. While short-term trade financing has always been dominant and grown rapidly, Mudarabah financing by Islamic banks in Malaysia has reduced to insignificant amounts. Yet, Mudarabah which is based on profit and loss sharing has always been considered to be at the core of Islamic financing and in tune with the shariah's injunctions against interest based financing
Mudarabah financing , Finance
Bacha, O. I. (2014). Adapting mudarabah financing to contemporary realities: a proposed financing structure. In Murat Cizakca (Ed.), Islam and the challenges of Western capitalism (pp. 316-344). Cheltenham, Glasglow: Edward Elgar Publishing Limited.
Edward Elgar Publishing Limited