Incentive-compatible sukukmusharkah for private sector funding: Comment
This paper is a comment on an article of Abdou Diaw; Obiyathullah Ismath Bacha and Ahsene Lahsusna that appeared in ISRA: International Jurnal of Islamic Finance,Volume 4, Issue 1, June 2012 under the title 'Incentive-compatible sukukmusharkah for private sector funding' The comment is limitted to correcting misinterpretations of some positions taken in Hasan 2002 on profit sharing ratios in mudarabah contracts.
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- Bacha, Obiyathulla I., 1997. "Adapting Mudarabah Financing to Contemporary Realities: A Proposed Financing Structure," MPRA Paper 12732, University Library of Munich, Germany, revised Nov 1996.
- Hasan, Zubair, 2008.
"Islamic banks:Profit sharing, equity, leverage lure, and credit control,"
30392, University Library of Munich, Germany, revised Oct 2008.
- Hasan, Zubair, 2008. "Islamic Banks: Profit sharing, equity, leverage lure and credit control," MPRA Paper 11737, University Library of Munich, Germany, revised Nov 2008.
- Hasan, Zubair, 1985. "Determination of Profit and Loss Sharing Ratios in Interest-Free Business Finance," MPRA Paper 3013, University Library of Munich, Germany.
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