Islamic Finance, Risk-Sharing and Macroeconomic Stability

• Corporate Author: SpringerLink (Online service)
• Other Authors: Zulkhibri, Muhamed (Editor, http://id.loc.gov/vocabulary/relators/edt), Abdul Manap, Turkhan Ali (Editor, http://id.loc.gov/vocabulary/relators/edt)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2019.
• Edition: 1st ed. 2019.
• Subjects: Finance, Public-Islamic countries.; Risk management.; Macroeconomics.; Islamic Finance.; Risk Management.; Macroeconomics/Monetary Economics//Financial Economics.

The concept of risk-sharing in financial and social contracts is one of the unique features of Islamic finance. Many theoretical studies generally claim superiority of an Islamic financial system based on pure equity and participatory modes of financing, while empirical studies provide mixed results...