Participatory Islamic Finance: Ideals, Contemporary Practices, and Innovations

Nouman, Muhammad; Ullah, Karim

Participation in risk and reward, as an alternate to conventional risk-transfer finance, is important for achieving the higher ethical objectives of Islamic finance, called maqasid al shariah, and responsible finance in general. That is why participatory finance is advocated as the ideal form of financing and the essence of Islamic banking and finance. The Participatory Islamic Finance:  The Ideals, Contemporary Practices, and Innovations presents a holistic view of both theory and practice of participatory models, constraints to its applications, success case studies of the participatory finance from multiple countries, and more importantly the recent innovations in participatory finance products. These new insights makes, the Participatory Islamic Finance:  The Ideals, Contemporary Practices, and Innovations is an essential read and guide, for both Islamic finance academics and practitioners.

Details

Published by: Palgrave Macmillan

Publication Date: 2023-05-09

Format: Hardcover

ISBN-13: 9789811995545

DOI: 10.1007/978-981-19-9555-2

Dimensions: 210cm x148cm

Pages: 242