Public Finance and Islamic Capital Markets Theory and Application /

• Main Authors: Rizvi, Syed Aun R. (Author), Bacha, Obiyathulla I. (Author), Mirakhor, Abbas (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: New York : Palgrave Macmillan US : Imprint: Palgrave Macmillan, 2016.
• Series: Palgrave Studies in Islamic Banking, Finance, and Economics
• Subjects: Finance.; Finance, Public.; Banks and banking.; Capital market.; Economic theory.; International economics.; Capital Markets.; Economic Theory/Quantitative Economics/Mathematical Methods.; Finance, general.; International Economics.; Public Finance.; Banking.

This book addresses the financing of government budgets with non-debt-creating flows through risk-sharing capital market instruments. It offers a comparative analysis with conventional finance to demonstrate the ability of Islamic capital market instruments to create an impetus for economic stabilit...