The Paradox of Idealization in Theory and Marginalization in the Practice

Muhammad Nouman () and Karim Ullah ()
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Muhammad Nouman: University of Agriculture
Karim Ullah: Institute of Management Sciences

Chapter Chapter 4 in Participatory Islamic Finance, 2023, pp 63-81 from Springer

Abstract: Abstract Participatory financingParticipatory finance dominates Islamic banking literatureIslamic banking literature. The participationParticipation model calls for a banking systemBanking system which is akin to equityEquity-based model whereby depositor in essence has equityEquity position in the banksBank. The banksBank, in turn, purchase equityEquity position in the venturesVenture(s) being financed. This system is acclaimed to have several advantages over the non-participatoryNon-participatory Islamic banking modelsIslamic banking models and the conventional interest-based banking systemConventional interest based banking system.

Date: 2023
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DOI: 10.1007/978-981-19-9555-2_4

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