Making Mudarabah workable: altering risk-return profiles through equity Kickers

• Main Authors: Mustaffa Kamil, Nazrol Kamil, Bacha, Obiyathulla Ismath
• Format: Conference or Workshop Item
• Language: English
• Published: 2011
• Subjects: HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/67446/1/67446_Making%20Mudarabah%20Workable.pdf; http://irep.iium.edu.my/67446/; https://www.mfa.com.my/conference/previous-conference/

Critics of contemporary Islamic finance often highlight the absence of meaningful presence of equity-based financing instruments such as mudarabah. It has been argued that this is attributable to inter alia, the agency problems inherent in mudarabah financing. Within a risk and return framework, mud...