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A model of demand for Islamic Banks’ debt-based financing instruments

This paper presents a theoretical analysis of the demand for debt-based financing instruments of the Islamic banks. Debt-based financing, such as through bai bithaman ajil and al-murabahah, is by far the most prominent of the Islamic bank financing system and yet it has been largely ignored in Islam...

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Main Authors: Mansor Jusoh,, Norlin Khalid,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2013
Online Access:http://journalarticle.ukm.my/6982/1/4979-13948-1-PB.pdf
http://journalarticle.ukm.my/6982/
http://ejournals.ukm.my/pengurusan/index
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spelling my-ukm.journal.69822016-12-14T06:42:46Z http://journalarticle.ukm.my/6982/ A model of demand for Islamic Banks’ debt-based financing instruments Mansor Jusoh, Norlin Khalid, This paper presents a theoretical analysis of the demand for debt-based financing instruments of the Islamic banks. Debt-based financing, such as through bai bithaman ajil and al-murabahah, is by far the most prominent of the Islamic bank financing system and yet it has been largely ignored in Islamic economics literature. Most studies instead have been focusing on equity-based financing of al-mudarabah and al-musyarakah. Islamic banks offer debt-based financing through various instruments derived under the principle of exchange or more specifically, the deferred contract of exchange. In this paper we set an analytical framework that is based on an infinitely lived representative agent model to analyze the demand for goods to be purchased by deferred payments. The resulting demand will then be used to derive the demand for Islamic debt. We also investigate theoretically, factors that may have an impact on the demand for Islamic debt. Penerbit Universiti Kebangsaan Malaysia 2013 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/6982/1/4979-13948-1-PB.pdf Mansor Jusoh, and Norlin Khalid, (2013) A model of demand for Islamic Banks’ debt-based financing instruments. Jurnal Pengurusan, 39 . pp. 31-36. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/index
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This paper presents a theoretical analysis of the demand for debt-based financing instruments of the Islamic banks. Debt-based financing, such as through bai bithaman ajil and al-murabahah, is by far the most prominent of the Islamic bank financing system and yet it has been largely ignored in Islamic economics literature. Most studies instead have been focusing on equity-based financing of al-mudarabah and al-musyarakah. Islamic banks offer debt-based financing through various instruments derived under the principle of exchange or more specifically, the deferred contract of exchange. In this paper we set an analytical framework that is based on an infinitely lived representative agent model to analyze the demand for goods to be purchased by deferred payments. The resulting demand will then be used to derive the demand for Islamic debt. We also investigate theoretically, factors that may have an impact on the demand for Islamic debt.
format Article
author Mansor Jusoh,
Norlin Khalid,
spellingShingle Mansor Jusoh,
Norlin Khalid,
A model of demand for Islamic Banks’ debt-based financing instruments
author_facet Mansor Jusoh,
Norlin Khalid,
author_sort Mansor Jusoh,
title A model of demand for Islamic Banks’ debt-based financing instruments
title_short A model of demand for Islamic Banks’ debt-based financing instruments
title_full A model of demand for Islamic Banks’ debt-based financing instruments
title_fullStr A model of demand for Islamic Banks’ debt-based financing instruments
title_full_unstemmed A model of demand for Islamic Banks’ debt-based financing instruments
title_sort model of demand for islamic banks’ debt-based financing instruments
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2013
url http://journalarticle.ukm.my/6982/1/4979-13948-1-PB.pdf
http://journalarticle.ukm.my/6982/
http://ejournals.ukm.my/pengurusan/index
_version_ 1643736964620353536
score 13.211869

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