Islamic Finance as a Mechanism Design Problem

Abstract

Copyright: © 2013 Basov S. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Recently Islamic Financial Institutions (IFI) experienced unprecedented growth. Sharia-compliant financial assets grew approximately 2.6 times during last 10 years. A good source of information about principles of Islamic finance is Kettell [1].