Muljawan, Dadang; Dar, Humayon; Hall, Maximilian - In: Applied Financial Economics 14 (2004) 6, pp. 429-441
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,...