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Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance

Bag om Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance

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.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783110583731
  • Indbinding:
  • Hardback
  • Sideantal:
  • 214
  • Udgivet:
  • 4. marts 2019
  • Størrelse:
  • 170x240x0 mm.
  • Vægt:
  • 546 g.
  • 8-11 hverdage.
  • 7. december 2024

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Beskrivelse af Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance

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.

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