Fintech & Risk Sharing - A Catalyst for Islamic Finance

The risk-sharing concept remains an elusive phenomenon in the Islamic financial sphere. It is often mistaken as a position of taking on risk as opposed to dissipating risk. The paper discusses the misconceptions of risk sharing and why it should the business model for Islamic finance and proposes for the development of digital platform/ marketplace as the delivery channel for risk-sharing based financial intermediation, social finance, trade finance and discretionary mutual takaful.

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