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HPSM is a modern financial contract that comprises shirkah (partnership), ijarah (lease), and sale contracts. In theHPSM contract, ownership of the asset is jointly held by the bank and the client. The client makes regular instalments. During the contract, the client...
The objective of this Element is to provide an overview of Islamic finance by highlighting the impact of the pandemic on it in a comprehensive manner by looking at two branches of Islamic finance: Islamic commercial finance; and Islamic social finance.The approach that...
This edited volume explores theoretical and empirical issues related to monetary economics and policy in the Islamic financial system. Derived from the Conference on Islamic Monetary Economics and Institutions: Theory and Practice 2017 held in Malé, Maldives, the...
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