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International - Viability of Sharia Financing Instruments

Country:
International
Author:
Z. Mahmood
Issue:
Derivatives & Financial Instruments, 2018 (Volume 20), No 3
Published:
11 May 2018
Current regulatory and tax frameworks of most countries in the world are inclined towards interest-bearing debt instruments. The regulatory framework designed for conventional financing may also comply with Sharia financing instruments, as both are on a par and capturing world financial markets steadily and successfully. If policymakers are inclined to achieve a certain degree of stability, a shift has to be made to provide a level playing field for equity modes of financing.
 
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