Abstract
In the present study we-extend the model presented in Siddiqui and Zarnan [The Certainty Case (1989)1 in order to include the element of uncertainty. We find total investment higher when the mode of finance is close to Musharka finance, The income distribution pattern is favorable to providers of funds when output (profit) ) is higher and vice versa. These results have profound implications for Islamic banking, for they reveal that profits of banks and depositors would be higher during booms at the expense of producers. On the other h and, any shock would be shared by a -larger group of economic agents.
Shamim Ahmad Siddiqui, Asad Zaman. (1989) INVESTMENT AND INCOME DISTRIBUTION PATTERN UNDER MUSHARKA FINANCE: The Uncertainly Case, Pakistan Journal of Applied Economics, Volume-08, Issue-1.
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