Regime uncertainty : interest rate based debt financing system
المؤلفون المشاركون
Mirakhur, Abbas
Shaukat, Mughis
المصدر
Journal of Islamic Business and Management
العدد
المجلد 2، العدد 2 (31 ديسمبر/كانون الأول 2012)، ص ص. 15-30، 16ص.
الناشر
Riphah International University Riphah Centre of Islamic Business
تاريخ النشر
2012-12-31
دولة النشر
باكستان
عدد الصفحات
16
التخصصات الرئيسية
العلوم الاقتصادية والمالية وإدارة الأعمال
الملخص EN
Evidence has been mounting (over the centuries) that the interest based debt financing regime is under ever increasing distress.
All of the earlier crises whatever label they carried - exchange rate crisis or banking crisis -have been debt crises in essence.
At the present, empirical research suggests that the debt-to-GD? ratio of the richest members of the G-20 threatens to touch 120% mark by 2014.
Moreover there is also evidence that out of securities worth $200 trillion in the global economy, no less than three-fourth represent interest based debt.
It is difficult to see how this massive debt volume can be validated by the underlying productive capacity of the global economy.
This picture becomes more alarming when it is realized that the growth of the global economy is anemic at best while the interest rate on debt is sure to exceed the rate of growth of global GD? for the foreseeable future.
This paper argues that the survival of the interest based debt regime is becoming less tenable, as is the process of financialization that has accompanied the growth of global finance over the last four decades.
It further argues that Islamic finance, with its core characteristic of risk sharing, may well be a viable alternative to the present interest based debt financing regime.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Mirakhur, Abbas& Shaukat, Mughis. 2012. Regime uncertainty : interest rate based debt financing system. Journal of Islamic Business and Management،Vol. 2, no. 2, pp.15-30.
https://search.emarefa.net/detail/BIM-601863
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Mirakhur, Abbas& Shaukat, Mughis. Regime uncertainty : interest rate based debt financing system. Journal of Islamic Business and Management Vol. 2, no. 2 (Dec. 2012), pp.15-30.
https://search.emarefa.net/detail/BIM-601863
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Mirakhur, Abbas& Shaukat, Mughis. Regime uncertainty : interest rate based debt financing system. Journal of Islamic Business and Management. 2012. Vol. 2, no. 2, pp.15-30.
https://search.emarefa.net/detail/BIM-601863
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 28-30
رقم السجل
BIM-601863
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر