Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance

Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance
Author :
Publisher : Walter de Gruyter GmbH & Co KG
Total Pages : 216
Release :
ISBN-10 : 9783110586664
ISBN-13 : 3110586665
Rating : 4/5 (64 Downloads)

Book Synopsis Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance by : Tarik Akin

Download or read book Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance written by Tarik Akin and published by Walter de Gruyter GmbH & Co KG. This book was released on 2019-03-04 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wealth inequality has been not only rising at unsustainable pace but also dissociated from income inequality because of the fact that wealth is increasing without concomitant increase in savings and productive capital. Compelling evidence indicates that capital gains and other economic rents are mainly responsible for wealth inequality and its divergence from income inequality. The main argument of the book is that interest-based debt contracts are one of the drivers of wealth inequality through creating disproportional economic rents for the asset-rich. The book also introduces the idea of risk-sharing asset-based redistribution, which is a novel and viable policy proposal, as an effective redistribution tool to address the wealth inequality problem. Furthermore, a large-scale stock-flow consistent macroeconomic model, which is step by step constructed in the book, sheds light on the formation of wealth inequality in a debt-based economy and on the prospective benefits of implementing risk-sharing asset-based redistribution policy tools compared to traditional redistribution policy options. The research presented in this book is novel in many respects and first of its kind in the Islamic economics and finance literature.


Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance Related Books

Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance
Language: en
Pages: 216
Authors: Tarik Akin
Categories: Business & Economics
Type: BOOK - Published: 2019-03-04 - Publisher: Walter de Gruyter GmbH & Co KG

DOWNLOAD EBOOK

Wealth inequality has been not only rising at unsustainable pace but also dissociated from income inequality because of the fact that wealth is increasing witho
An Overview of Islamic Finance
Language: en
Pages: 35
Authors: Mr.Mumtaz Hussain
Categories: Business & Economics
Type: BOOK - Published: 2015-06-02 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Isla
Economic Development and Islamic Finance
Language: en
Pages: 376
Authors: Zamir Iqbal
Categories: Business & Economics
Type: BOOK - Published: 2013-08-05 - Publisher: World Bank Publications

DOWNLOAD EBOOK

Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the are
Handbook of Analytical Studies in Islamic Finance and Economics
Language: en
Pages: 724
Authors: Zamir Iqbal
Categories: Business & Economics
Type: BOOK - Published: 2020-08-10 - Publisher: Walter de Gruyter GmbH & Co KG

DOWNLOAD EBOOK

This handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literatur
Applying Risk-Sharing Finance for Economic Development
Language: en
Pages: 150
Authors: Putri Swastika
Categories: Social Science
Type: BOOK - Published: 2021-09-13 - Publisher: Springer Nature

DOWNLOAD EBOOK

This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short perio