Islamic Finance and COVID-19 Recovery: The Role Profit-Loss Sharing Contract
2022-10-08
This note uncovers the beauty of Islamic finance via its Profit-Loss Sharing Contract (PLSC) as a financing tool in helping the economy and businesses to recover from COVID-19 economic crisis. PLSC is a contract that shares business risks between participants, while Interest-Based Contract (IBC) requires entrepreneurs to bear the entireContinue Reading