Profit and loss sharing in agriculture: An application of Islamic banking

Laurence M. Crane and David Leatham
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Laurence M. Crane: Department of Agricultural Economics, North Dakota State University, Postal: Department of Agricultural Economics, North Dakota State University

Agribusiness, 1993, vol. 9, issue 4, 403-412

Abstract: This study reviews profit and loss sharing instruments used in Islamic banking. It is argued that US financial intermediaries can use profit and loss sharing instruments to provide external equity capital needed to finance agricultural production. Such an innovation would help reduce financial risk in agriculture. © 1993 John Wiley & Sons, Inc.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:9:y:1993:i:4:p:403-412

DOI: 10.1002/1520-6297(199307)9:4<403::AID-AGR2720090410>3.0.CO;2-X

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