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Recent calls by prominent Islamic scholars to shift the focus of Islamic Finance away from bond-like sukuk have been met with great unease by bankers in the industry. Islamic Financial Institutions (IFIs), which hold the majority of all sukuk issued, face deposit side constraints on the types of...
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The theoretical foundation of Islamic economics and finance is based on, among other things, Homo Islamicus or Islamic Man. Islamic economics and finance theoreticians contrast Homo Islamicus with Homo economicus or the Economic Man. This paper examines whether or not Homo Islamicus is...
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