The Islamic Debt Market for Sukuk Securities
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The Islamic Debt Market for Sukuk Securities

The Theory and Practice of Profit Sharing Investment

Edited by Mohamed Ariff, Munawar Iqbal and Shamsher Mohamad

The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a highly unique reference tool relating to key issues surrounding sukuk markets, which are found in 12 major financial centres, including Kuala Lumpur, London and Zurich.
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Chapter 5: History of Islamic Public Finance: Gharar and Risk Aversion

Murat Çizakça

Extract

5. History of Islamic public finance: gharar and risk aversion Murat Çizakça 5.1 INTRODUCTION Gharar is usually examined in the literature from the perspective of modern Islamic private finance. In this article, I will focus on public finance and ...

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