Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54653
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dc.contributor.authorSekreter, Ahmeten_US
dc.date.accessioned2012-01-09en_US
dc.date.accessioned2012-01-11T17:01:09Z-
dc.date.available2012-01-11T17:01:09Z-
dc.date.issued2011en_US
dc.identifier.citationIBSU Scientific Journal (IBSUSJ) |c1512-3731 |v5 |y2011 |h2 |p13-20en_US
dc.identifier.urihttp://hdl.handle.net/10419/54653-
dc.description.abstractFor most of the people the prohibition on interest is the well known part of Islamic finance. Indeed, the concept of Islamic finance was not being discussed enough till financial crisis, after crisis it started to be seen as an alternative financial system for conventional finance. Sharing the risks is the main concept of Islamic finance and one of the main differences between conventional and Islamic finance. Depositors/savers do not bear any risk in conventional finance however Islamic finance has another solution which is called PLS (profit-loss sharing). Risks and profits between the parties involved in any financial transaction are shared by both financial institutions and depositors/savers with a predecided ratio.en_US
dc.language.isoengen_US
dc.publisher|aInternational Black Sea University |cTbilisien_US
dc.subject.jelG20en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordIslamic financeen_US
dc.subject.keywordconventional financeen_US
dc.subject.keywordprofit-loss sharing systemen_US
dc.titleSharing of risks in Islamic financeen_US
dc.typeArticleen_US
dc.identifier.ppn68243759Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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