Sharing and Managing Risks in Islamic Finance

Sharing and Managing Risks in Islamic Finance

SEKRETER, Ahmet
CAN, Mehmet

For most of the people the prohibition on interest is the well known part of Islamic finance however the rest is considered as an unknown finance system that is based on the rules which are written thousands years ago. Indeed, the concept of Islamic finance is not be discussed enough till financial crisis, after crisis it started to be seen as an alternative financial system. However some new approaches are needed to demonstrate Islamic finance as an alternative of conventional finance. Sharing the risks is main concept in investments but question is what the investments are. In the new approach of risk management the idea is consumers can follow their money and investments and banks have to inform the consumers.

Conference or Workshop Item
PeerReviewed

2010-06

173