Philipp Koch
On the Microfoundation of Islamic Finance
Sharia-conform banking products and their incentive problems
Buch
This book outlines the theoretical foundations of Islamic finance and summarizes empirical studies on current practices in Islamic banking. The main finding is that there is a discrepancy between the paradigmatic version of Islamic finance and the way it is currently implemented. The most substantial deviation is that profit and loss sharing contracts are only used on a low scale in Islamic banking when projects or individuals are funded. The microeconomic analysis of Shariah-conform profit and loss sharing contracts reveals possible reasons for this discrepancy. The payoffs in such agreements are favorable for the entrepreneurs because they…
Mehr
Beschreibung
This book outlines the theoretical foundations of Islamic finance and summarizes empirical studies on current practices in Islamic banking. The main finding is that there is a discrepancy between the paradigmatic version of Islamic finance and the way it is currently implemented. The most substantial deviation is that profit and loss sharing contracts are only used on a low scale in Islamic banking when projects or individuals are funded. The microeconomic analysis of Shariah-conform profit and loss sharing contracts reveals possible reasons for this discrepancy. The payoffs in such agreements are favorable for the entrepreneurs because they are partially or fully insured against losses. In addition, the profit and loss sharing contracts are subject to market inefficiencies caused by asymmetric information distribution. Adverse selection might lead to poor quality of the projects that are sought to be funded Islamic, whereas moral hazard might lead to lower recovery rates of failing projects than what would be expected if entrepreneurs provided full effort. The conclusion is that the paradigmatic version of Islamic banking would likely imply more expensive funding than conventional banking.
CHF 47.90
Preise inkl. MwSt. und Versandkosten (Portofrei ab CHF 40.00)
V105:
Folgt in ca. 15 Arbeitstagen
Produktdetails
- ISBN: 978-3-639-67696-9
- EAN: 9783639676969
- Produktnummer: 36405191
- Verlag: AV Akademikerverlag
- Sprache: Englisch
- Erscheinungsjahr: 2016
- Seitenangabe: 68 S.
- Masse: H22.0 cm x B15.0 cm x D0.4 cm 119 g
- Abbildungen: Paperback
- Gewicht: 119
Über den Autor
holds a Bachelor of Science in Business Administration from the University of Applied Sciences Northwestern Switzerland and a Master of Science in Business and Economics from the University of Basel.
21 weitere Werke von Philipp Koch:
Sharia-conform banking products and their incentive problems
Ebook (EPUB Format)
CHF 10.00
Sharia-conform banking products and their incentive problems
Ebook (EPUB Format)
CHF 47.05
Sharia-conform banking products and their incentive problems
Ebook (PDF Format)
CHF 110.00
Sharia-conform banking products and their incentive problems
Ebook (PDF Format)
CHF 94.50
Bewertungen
0 von 0 Bewertungen
Anmelden
Keine Bewertungen gefunden. Seien Sie der Erste und teilen Sie Ihre Erkenntnisse mit anderen.