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A Capital adequacy framework for Islamic banks: the need to reconcile depositors' risk aversion with managers' risk taking
Conceptually, an Islamic bank has an equity-based capital structure, dominated by shareholders’ equity and investment deposits based on profit and loss sharing [PLS]. There is no need for capital adequacy regulations if the Islamic banks are structured as pure PLS-based organizations. However, due t...
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| Main Authors: | , , |
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| Format: | Default Preprint |
| Published: |
2002
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/369 |
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