Micro Market Application

Syed Aun R. Rizvi, Obiyathulla Bacha and Abbas Mirakhor
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Abbas Mirakhor: International Centre for Education in Islamic Finance (INCEIF)

Chapter Chapter 8 in Public Finance and Islamic Capital Markets, 2016, pp 157-172 from Palgrave Macmillan

Abstract: Abstract Risk sharing and Islamic economic philosophy long provided ideas for different nations to prosper and innovate. Some of those ideas have survived in venture capital financing, but with the passage of time risk sharing-based instruments for firms and for governments to target domestic markets have been replaced by risk shifting instruments. This chapter provides some preliminary proposals on micromarket instruments which can be used both by governments to bridge fiscal finances, as well as by firms for revenue and non-revenue generating projects. Some empirics and mathematics are also discussed to explore the viability of the proposals.

Keywords: Risk sharing; GDP-linked; Micromarkets; Revenue generating projects (search for similar items in EconPapers)
Date: 2016
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Chapter: Macro Market Application (2016)
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DOI: 10.1057/978-1-137-55342-3_8

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