Islamic Economics: The Emergence of a New Paradigm
探讨伊斯兰教义中禁止利息（riba）对西方经济关系的影响，分析利润分享（mudarabah）合同如何通过揭示信息不对称来促进资本投资，适合对伊斯兰金融与经济学交叉感兴趣的读者。
We illustrate the potential impact of the Islamic doctrine on western economic relationships by focusing on the prohibition of interest (riba) in Islamic economics. We show that the alternative method of financier remuneration (i.e. mudarabah profit-and-loss sharing) will, under certain conditions, enhance capital investment on account of its ability to act as an efficient revelation device. By applying ideas developed in the western contract literature, we show that a mudarabah contract between the manager of a project and a syndicate of investors may permit a more efficient revelation of any informational asymmetries between the two.