It is surely a good idea to explore how the spirit inherent in the “moral economy” of Islam could enable a just and ethical approach towards the management of systemic risk in economics, in business and finance the way risk-sharing, implicit in Musharaka, works, for example, with lenders sharing the borrower’s risk, and the notion of Mudharabah, the sharing of profit. This is very different from the way that conventional finance transfers the risk quickly and frequently onto someone else with profit going just one way.
Euris Group
Pioneers in islamic finance
