Insolvency and debt restructuring in Islamic finance: the need for a comprehensive model law by Oseni, Umar Aimhanosi

“…The fourth section dilates on existing bankruptcy laws in some GCC countries involving national and cross-border bankruptcies including the recently issued AAOIFI Shariah Standard on bankruptcy. …”
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Debt: how much is too much? by Haron, Razali

“…Debt provides value to firms but excessive debt exposes firms to bankruptcy risk. We have discovered the optimum amount of debt a firm may employ that in return, could minimize bankruptcy risk.…”
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Insolvency and debt restructuring in Islamic Finance: the need for a comprehensive model law by Oseni, Umar Aimhanosi

“…With a focus on Islamic financial transactions and Islamic financial institutions, this paper examines the interplay between three related concepts of insolvency, bankruptcy and debt restructuring. Balancing these three situations in time of financial distress of an Islamic financial institution requires a fair consideration of the rights of both the debtors‘ and creditors‘. …”
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