Constraints to Participatory Finance
Muhammad Nouman () and
Karim Ullah ()
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Muhammad Nouman: University of Agriculture
Karim Ullah: Institute of Management Sciences
Chapter Chapter 5 in Participatory Islamic Finance, 2023, pp 85-101 from Springer
Abstract:
Abstract Participatory modes of financingParticipatory modes of financing are the ideal modes of financingIdeal modes of financing and represent the true spirit of Islamic banking and financeSpirit of Islamic banking and finance, as discussed in the context of Shari’ahShari’ah, Islamic economic principlesIslamic economic principles, and advocacy of the Islamic bankingIslamic banking essence and models, covered in previous chapters. It, therefore, seems important that Islamic banksIslamic banking may promote participatory financingParticipatory finance. However, in practice Islamic banksPractice Islamic banks tend to avoid participatory financingParticipatory finance even though acknowledging its originalityOriginality. This chapter, therefore, attempts to identify and describe the constraints to participatory financeConstraints to participatory financing.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-9555-2_5
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DOI: 10.1007/978-981-19-9555-2_5
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