Markets and the Way Forward

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 9 in Public Finance and Islamic Capital Markets, 2016, pp 173-182 from Palgrave Macmillan

Abstract: Abstract This chapter aims to compress our thoughts and discussion in the matter of how public policy managers tend to utilize capital markets through intervention to fulfill economic goals. With capital markets providing in their true nature a risk sharing mode, the role of Islamic finance comes into play, and the proposed macromarket and micromarket instruments can be very beneficial. We also explore some reasons why these kinds of instruments have not yet gained popularity, and how the concerns raised about them can be addressed. On a parting note, we highlight how crucial it is for us to address the concerns of the world economy through risk sharing in order to create a sustainable future.

Keywords: Capital markets; Micromarkets; Macromarkets; Risk sharing (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-1-137-55342-3_9

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DOI: 10.1057/978-1-137-55342-3_9

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