Islamic banks' dilemma between ideals and practice: debt or equity
Equity financing modes currently adopted by Islamic banks are seen to be based on debt-based formats, originally developed for implementation in in interest-based financing system. With the experience gained over a period, a careful scrutiny of prevalent equity financing techniques could be appropri...
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| Format: | Article |
| Language: | English |
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Universal Publishers
2010
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| Online Access: | http://irep.iium.edu.my/4051/1/gjmbr_vol10_issue2_18.pdf http://irep.iium.edu.my/4051/ http://www.gbmr.ioksp.com/ |
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| Summary: | Equity financing modes currently adopted by Islamic banks are seen to be based on debt-based formats, originally developed for implementation in in interest-based financing system. With the experience gained over a period, a careful scrutiny of prevalent equity financing techniques could be appropriate in order to assess the level of their success in achieving Islamic economic objectives. With Islamic banking gaining a firm foothold in the banking and commercial sectors, a more dynamic approach to promulgating the ideals of equity participation appears timely. |
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