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History of Islamic Public Finance: Gharar and Risk Aversion

In: The Islamic Debt Market for Sukuk Securities

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  • Murat Çizakça

Abstract

The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a highly unique reference tool relating to key issues surrounding sukuk markets, which are found in 12 major financial centres, including Kuala Lumpur, London and Zurich.

Suggested Citation

  • Murat Çizakça, 2012. "History of Islamic Public Finance: Gharar and Risk Aversion," Chapters, in: Mohamed Ariff & Munawar Iqbal & Shamsher Mohamad (ed.), The Islamic Debt Market for Sukuk Securities, chapter 5, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14550_5
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    References listed on IDEAS

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    1. Munro, John H., 2002. "The medieval origins of the 'Financial Revolution': usury, rentes, and negotiablity," MPRA Paper 10925, University Library of Munich, Germany, revised Sep 2002.
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