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Debt is debt, even if it's Shariah-compliant

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dc.contributor.authorObiyathulla Ismath Bacha
dc.date.accessioned2020-07-10T05:35:17Z
dc.date.available2020-07-10T05:35:17Z
dc.date.issued2019
dc.description.abstractIn a book aptly titled 'This Time Is Different', Rogoff and Reinhart, two prominent economists, show that every single financial crisis over the last 800 years has had a single root cause - excessive debt. It appears that what begins as borrowing for the funding of development infrastructure can, as it builds, lead to a spiralling of debt and financial crisis. There is a circular and reciprocal relationship between debt, leverage, vulnerability and financial distress. This applies to all borrowers, governments, corporations or other entities.en_US
dc.identifier.citationBacha, O. I. (2019). Debt is debt, even if it's Shariah-compliant. In The Malaysian Reserve, (22 April 2019).en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3262
dc.languageEnglish
dc.language.isoengen_US
dc.publisherTMR Media Sdn Bhden_US
dc.rights2019. TMR Media Sdn Bhd
dc.sourceSEDONA
dc.subjectDebten_US
dc.subjectShariahen_US
dc.subjectRisk sharingen_US
dc.subjectIslamic banksen_US
dc.titleDebt is debt, even if it's Shariah-complianten_US
dc.typeNewspaper Articleen_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeExpert Insights
ikr.topic.maintopicIslamic financeen_US
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relation.isAuthorOfPublication.latestForDiscovery8e8de113-9c2e-4faf-8482-04f179564a0e
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