Failure and potential of profit-loss sharing contracts: a perspective of New Institutional, Economic (NIE) theory

This paper theoretically evaluates why profit–loss sharing (PLS) contracts in Islamic banking fails and its potential for improvement within the scope of the New Institutional Economic Theory (NIE). The objective of the evaluation is to draw conclusive theoretical arguments of whether Islamic bankin...

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Bibliographic Details

Main Authors:	Aisyah Abdul-Rahman, Radziah Abdul Latif, Ruhaini Muda, Mohamad Azmi Abdullah
Format:	Article
Language:	en en
Published:	Elsevier 2014
Subjects:	HB1-3840 Economic theory. Demography
Online Access:	https://eprints.ums.edu.my/id/eprint/30931/1/Failure%20and%20potential%20of%20profit-loss%20sharing%20contracts_%20A%20perspective%20of%20New%20Institutional%2C%20Economic%20%28NIE%29%20Theory_ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/30931/2/Failure%20and%20potential%20of%20profit-loss%20sharing%20contracts_%20a%20perspective%20of%20New%20Institutional%2C%20Economic%20%28NIE%29%20theory.pdf https://eprints.ums.edu.my/id/eprint/30931/ https://www.sciencedirect.com/science/article/pii/S0927538X1400016X http://dx.doi.org/10.1016/j.pacfin.2014.01.004
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