Equity-Based, Asset-Based and Asset-Backed Transactional Structures in "Shari'a"-Compliant Financing: Reflections on the Current Financial Crisis*
Razi Pahlavi Abdul Aziz and
Economic Papers, 2009, vol. 28, issue 3, 270-278
This paper presents interest-free equity-based, asset-based and asset-backed transactional structures endorsed by "Shari'a"-compliant finance. These structures could explain the potential and relative insulation, yet not immunity, of Islamic financial institutions from the financial crisis. Although "Shari'a"-compliant financing cannot solve the current financial crisis, the recovering market could consider incorporating some of the insulating principles underlying "Shari'a"-compliant financing and securitization products, as exemplified in the sample of "Shari'a"-compliant products in this paper, so as to offer better consumer protection. Copyright (c) 2009 The Economic Society of Australia.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1759-3441.2009.00035.x link to full text (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:econpa:v:28:y:2009:i:3:p:270-278
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0812-0439
Access Statistics for this article
Economic Papers is currently edited by Rachel Ong
More articles in Economic Papers from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().