{"product_id":"dilemmas-and-challenges-in-islamic-finance-hardback","title":"Dilemmas and Challenges in Islamic Finance - Hardback","description":"\u003cp\u003eThe phenomenal growth of Islamic finance in the last few decades has been accompanied by a host of interesting questions and challenges. One of the critical challenges is how Islamic financial institutions can be motivated to participate in the 'equity-like' profit-and-loss sharing (PLS) contracts. It is observed that Islamic banks are reluctant to participate in the pure PLS scheme which is manifested by the rising concentration of investment on \u003ci\u003emurabaha\u003c\/i\u003e or mark-up financing. This phenomenon has been the hotbed of academic criticism on the contemporary practice of Islamic banking. This book explains the '\u003ci\u003emurabaha\u003c\/i\u003e syndrome' in light of the incentive provided by the current institutional framework and what are the changes required in the governance structure to mend this anomaly.\u003c\/p\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":45548824461550,"sku":"9781138095403","price":193.6,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/files\/9781138095403_f841c793-a8bb-4970-9ba8-6c718b2904f7.jpg?v=1720268572","url":"https:\/\/bookland.com.au\/products\/dilemmas-and-challenges-in-islamic-finance-hardback","provider":"Book Land AU","version":"1.0","type":"link"}