The Risk-Sharing Paradigm in Islamic Financial System: Myth or Reality?

Jamel Boukhatem and Mouldi Djelassi

Chapter 7 in Risk Factors and Contagion in Commodity Markets and Stocks Markets, 2020, pp 161-196 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionFramework of Equity Oriented Financial System (EOFS) and Risk-Sharing ParadigmThe Islamic Banking System in Operation and Compromized Risk-sharing: The Evolution to Non-profit and Loss Sharing (Non-PLS System or Non-equity — Debt-based — system)An Organizational Framework for the Islamic Banking Industry: Towards Effective and Efficient Risk-sharingConclusionReferences

Keywords: Risk; Commodity; Commodity Markets; Stock; Risk Contagion; Contagion; Volatility (search for similar items in EconPapers)
JEL-codes: F3 G1 Q43 (search for similar items in EconPapers)
Date: 2020
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