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INVESTMENT AND INCOME DISTRIBUTION PATTERN UNDER MUSHARKA FINANCE: The Uncertainly Case

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  • Shamim Ahmad Siddiqui
  • Asad Zaman

Abstract

In the present study we extend the model presented in Siddiqui and Zaman [The Certainty Case (1989)] in order to include the element of uncertainty. We find total incestment higher when the mode of finance is close to Musharka finance. The income distribution pattern is favourable to providers of funds when output (profit) is higher and vise versa. These results have profiund implications for Islamic banking, for theyreveal that profits of banks and depositors would be higher during booms at the expenseof producers. On the other hand, any shock would be shared by a larger group of economic agents.

Suggested Citation

  • Shamim Ahmad Siddiqui & Asad Zaman, 1989. "INVESTMENT AND INCOME DISTRIBUTION PATTERN UNDER MUSHARKA FINANCE: The Uncertainly Case," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 8(1), pages 31-71.
    • Handle: RePEc:pje:journl:article1989sumiii
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    Cited by:

    1. Shamim Ahmad Siddiqui, 2008. "An Evaluation of Research on Monetary Policy and Stability of the Islamic Economic system تقييم الأبحاث المتعلقة بالسياسة والاستقرار المالي لنظام الاقتصاد الإسلامي," Papers and books based on the proceedings of the Conferences organized by the Islamic Economics Institute, KAAU. 51, King Abdulaziz University, Islamic Economics Institute..

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