Islamic Finance: A Literature Review

M. Kabir Hassan, Ashraf Khan () and Andrea Paltrinieri ()
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Ashraf Khan: Institute of Business Administration (IBA)
Andrea Paltrinieri: Università Cattolica del Sacro Cuore

Chapter Chapter 5 in Islamic Finance and Sustainable Development, 2021, pp 77-106 from Springer

Abstract: Abstract The fundamentals of Islamic Finance are deeply rooted in the Islamic civilization and originated from Islamic jurisprudence and laws. After the global financial crises, it has emerged as an alternative system of conducting financial affairs based on mutual risk-sharing with a lower level of systemic risk to mitigate social inequalities and uplift the unprivileged segment of society. Consequently, a large body of research has developed discussing theoretically and empirically the different segments of Islamic finance. This study content analyzed 92 articles published in important mainstream journals indexed both in Scopus and Web of Science (WOS). The results reveal that Islamic financial institutions and instruments, in general, have a robust structure of corporate governance, better asset quality, and are less exposed to systemic risk than their counterpart.

Date: 2021
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DOI: 10.1007/978-3-030-76016-8_5

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