ABSTRACT
The phenomenal growth of Islamic finance in the last couple of decades has attracted considerable attention from scholars and policymakers alike. Various issues including the distinctive nature of Islamic finance, its impact on the development and stability of the financial system, the long-term sustainability of the model and its competitive advantage over the conventional counterpart occupy the center of academic discussion. This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book explains the logic of murabaha or mark-up bias of Islamic banks. It is not an easy task to design an alternative mode of achieving a delicate balance in mobilizing funds from risk-averse depositors while creating and accumulating the wealth in society enough for incubating risk-neutral investors or donors who would be willing to absorb various types of risk and uncertainty exposed to innovative start-ups or to empower marginalized people.
