Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance

Erscheinungsjahr 2018
ISBN: 978-3-11-058667-1
Verlag: De Gruyter

Medienkombination, Englisch, 200 Seiten, Format (B × H): 170 mm x 240 mm

Reihe: De Gruyter Studies in Islamic Economics, Finance & Business

The economics of wealth inequality is a nascent area of research. Although evidence shows that debt, interest, and leverage are drivers of increasing wealth inequalities, the literature is reluctant to focus on the debt-based system as a main culprit for wealth inequality. The authors show that risk-sharing, one of the pillars of Islamic finance, is a form of asset-based redistribution and an effective way to cope with the inequality problem.

Zielgruppe

Professional and scholarly

Autoren/Hrsg.

Akin, Tarik

Mirakhor, Abbas

Über Autor(innen)

Tarik Akin, Undersecretariat of Turkish Treasury; Abbas Mirakhor, INCEIF Chair of Islamic Finance, Kuala Lumpur, Malaysia