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Reforming Islamic finance
Other Title(s)
إصلاح المالية الإسلامية
Author
al-Jarhi, Mabid Ali Muhammad Mahmud
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 33, Issue 2 (31 Jul. 2020), pp.101-107, 7 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2020-07-31
Country of Publication
Saudi Arabia
No. of Pages
7
Main Subjects
Abstract EN
Pessimists would rather declare the Islamic finance industry as clinically dead.
Such dim expectation would become a reality when the industry will completely switch to selling present for future money through contrived sale contracts.
The writings are plenty on the wall.
We need to listen and respond seriously.
Calling for the reform of the industry could be the last attempt to save it.
Rusni Hassan’s paper (2020) provides a good perspective of the current problem, albeit a little dispassionate.
This comment provides a brief explanation of the theoretical rationale and the macroeconomic benefits of Islamic finance.
It diagnoses the problem of Islamic finance as that of convergence.
In addition, a few modest proposals are presented to mitigate the problem.
American Psychological Association (APA)
al-Jarhi, Mabid Ali Muhammad Mahmud. 2020. Reforming Islamic finance. Journal of King Abdulaziz University : Islamic Economics،Vol. 33, no. 2, pp.101-107.
https://search.emarefa.net/detail/BIM-1279203
Modern Language Association (MLA)
al-Jarhi, Mabid Ali Muhammad Mahmud. Reforming Islamic finance. Journal of King Abdulaziz University : Islamic Economics Vol. 33, no. 2 (Jul. 2020), pp.101-107.
https://search.emarefa.net/detail/BIM-1279203
American Medical Association (AMA)
al-Jarhi, Mabid Ali Muhammad Mahmud. Reforming Islamic finance. Journal of King Abdulaziz University : Islamic Economics. 2020. Vol. 33, no. 2, pp.101-107.
https://search.emarefa.net/detail/BIM-1279203
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 105
Record ID
BIM-1279203