Participation in risk and reward, as an alternate to conventional risk-transfer finance, is important for achieving the higher ethical objectives of Islamic finance, calledmaqasid al shariah,and responsible finance in general. That is why participatory finance is advocated as the ideal form of financing and the essence of Islamic banking and finance. TheParticipatory Islamic Finance: The Ideals, Contemporary Practices, and Innovationspresents a holistic view of both theory and practice of participatory models, constraints to its applications, success case studies of the participatory...
Participation in risk and reward, as an alternate to conventional risk-transfer finance, is important for achieving the higher ethical objectives of I...
