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- Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance
Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance
Angebote / Angebote:
The economics of wealth inequality is a nascent area of research. Although evidence shows that debt, interest, and leverage are drivers of increasing wealth inequalities, the literature is reluctant to focus on the debt-based system as a main culprit for wealth inequality. The authors show that risk-sharing, one of the pillars of Islamic finance, is a form of asset-based redistribution and an effective way to cope with the inequality problem.
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