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2005-01-14
英文文献:Islamic Finance and Financial Stability: A Review of Theoretical Literature ??????? ???????? ?????????? ??????: ?????? ???????? ???????
英文文献作者:Ahmed Belouafi
英文文献摘要:
This paper provides an analytical review of about fifteen theoretical investigations that had examined the stability of the Islamic Financial System (IFS) vis-à-vis its conventional interest-based counterpart. The research aims at discussing the main findings and conclu-sions that the reviewed literature arrived at. A brief account of how financial stability has been defined, in the conventional literature, has also been explored. The results indicate that there is an almost general ‘consensus’ among these treatises on the ‘superiority’ of an Islamic financial system based on equity and participatory modes of financing with respect to financial stability. To what extent are these claims robust? And what are the underlying assumptions behind the development of such syntheses? These and other important related questions form the basis of the discussion and analysis in this study.
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