Advanced Search
MyIDEAS: Login

Development Of Mudarabah Instruments: Understanding Their Profitability, Securitization And Negotiability Aspects

Contents:

Author Info

  • Muhammad Anwar

    ()

Registered author(s):

    Abstract

    This paper attempts to examine the securitization, negotiability and profitability aspects of three types of muèOErabah instruments; namely, asset-enfaced muèOErabah instruments, currency-enfaced muèOErabah instruments representing monetary contributions and currency-enfaced muèOErabah instruments representing real assets. This paper begins with a distinction between ribOE (usury) and profit and concludes that an exchange of currencyenfaced muèOErabah instruments in varying amounts entails ribOE while an exchange of asset-enfaced muèOErabah instruments will generate legitimate profits. The current practice is to issue currency-enfaced muèOErabah instruments but treat them as asset-enfaced muèOErabah instruments. This position is analyzed and policy implications are drawn for future development of muèOErabah instruments.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.iium.edu.my/enmjournal/92art3.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by IIUM Journal of Economis and Management in its journal IIUM Journal of Economics and Management.

    Volume (Year): 9 (2001)
    Issue (Month): 2 (December)
    Pages: 165-186

    as in new window
    Handle: RePEc:ije:journl:v:9:y:2001:i:2:p:165-186

    Contact details of provider:
    Postal: Jalan Gombak, 53100 Kuala Lumpur
    Phone: (603) 6196 4770
    Fax: (603) 6196 4850
    Web page: http://www.iium.edu.my/enmjournal/
    More information through EDIRC

    Related research

    Keywords: MuèOErabah instruments; Islamic finance; Financial instruments;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ije:journl:v:9:y:2001:i:2:p:165-186

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gairuzazmi Mat Ghani).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.