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A Brief Review & Introduction to Practiced Islamic Banking & Finance

Author

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  • Shaikh, Salman

Abstract

This paper looks at the practiced Islamic finance and alternatives it offers for corporate finance managers in sourcing funds i.e. i) Ijara ii) Murabaha iii) equity modes like Musharakah and Mudarabah iv) Diminishing Musharakah, v) Salam and vi) Istisna. It also looks at alternatives for sourcing funds from savers to provide financing thereof by financialintermediaries i.e. i) Qard-e-Hasan ii) Musharakah and iii) Mudarabah. The paper also gives a brief account of literature on Islamic corporate finance, interest free finance, alternatives suggested in the past and their pros and cons, role of central bank in Islamic finance and alternatives for OMO, Interbank lending and money market in Islamic finance.

Suggested Citation

  • Shaikh, Salman, 2010. "A Brief Review & Introduction to Practiced Islamic Banking & Finance," MPRA Paper 19458, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19458
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    File URL: https://mpra.ub.uni-muenchen.de/19458/1/MPRA_paper_19458.pdf
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    Citations

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    Cited by:

    1. Bambang Waluyo & Sylvia Rozza, 2020. "A Model for Minimizing Problems in Salam Financing at Islamic Banks in Indonesia," International Review of Management and Marketing, Econjournals, vol. 10(2), pages 1-7.
    2. Nadeem, Faiza & Zaman, Nadeem Uz & Shah, Syed Raza Irfan, 2015. "Knowledge, Cause and Level of Acceptance of Interest among Muslims in Balochistan," MPRA Paper 64556, University Library of Munich, Germany, revised 24 May 2015.

    More about this item

    Keywords

    Islamic corporate finance; pricing of capital; interest free finance; Interest; Interest free economy; Usury; Time value of money; Riba; Musharakah; Mudarabah; Ijara; Salam; Istisna; Qard-e-Hasan; Diminishing Musharakah;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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