Skip to main content

Convergence of Mainstream Public Finance and Islamic Finance in Public-Private Partnerships

Global Encyclopedia of Public Administration, Public Policy, and Governance
  • 127 Accesses

Synonyms

Heterodox public finance; Trade-offs between Islamic finance and mainstream finance

Definition

  • Mainstream finance – economics phrase used for describing schools and scientific achievements of finance discipline that are accepting neoclassical paradigm.

  • Heterodox – the notion of heterodoxy stems from the Greek héteros (different, other) and dóxa (doctrine). The term denotes those creeds, beliefs, or teachings, religious ones in particular, that are different from the norm of a given religion; they are the opposite of orthodoxy. In economics, heterodoxy pertains to an evolutionary approach to the economy.

  • Heterodox approach to the public-private partnership – the convergence of mainstream public finance and Islamic finance in project finance.

Introduction

The appearance of public finance crises in conventional economies urges us to reflect on the causes of imperfections in public funds management. Governments’ previous initiatives to stabilize finances and to improve social...

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Institutional subscriptions

References

  • Boussabaine A (2007) Cost planning of PFI and PPP building projects. Routledge Taylor & Francis Group, London/New York

    Google Scholar 

  • Chaudhury MS (2006) Fundamentals of Islamic economic system, 2003. http://www.muslimtents.com/shaufi/b16/b16_pdf.htm

  • Shaykh Muhammad Taher, Khutbah – The objectives of the Islamic sacred law. Available online at http://www.leedsgrandmosque.com/khutbahs/khutba-20040319.asp. Visited 10 Sept 2006

  • Kociemska H (2010) Public private partnership – projects success circumstances. J Mod Account Audit 6:11, serial no. 66, ISSN: 1548-6583, USA

    Google Scholar 

  • Kociemska H (2017) Partnerstwo publiczno-prywatne w ujÄ™ciu heterodoksyjnym. Wydawnictwo Uniwersytetu Ekonomicznego, WrocÅ‚awiu. ISBN: 978-83-7695-674-9

    Google Scholar 

  • Porter ME, Schwab K (2008) Global competitiveness report 2008–2009, world economic forum. World Economic Forum, Geneva

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Hanna Kociemska .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer Nature Switzerland AG

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Kociemska, H. (2018). Convergence of Mainstream Public Finance and Islamic Finance in Public-Private Partnerships. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3575-1

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-31816-5_3575-1

  • Received:

  • Accepted:

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-31816-5

  • Online ISBN: 978-3-319-31816-5

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

Publish with us

Policies and ethics

Chapter history

  1. Latest

    Convergence of Mainstream Public Finance and Islamic Finance in Public-Private Partnerships
    Published:
    12 October 2018

    DOI: https://doi.org/10.1007/978-3-319-31816-5_3575-2

  2. Original

    Convergence of Mainstream Public Finance and Islamic Finance in Public-Private Partnerships
    Published:
    25 August 2018

    DOI: https://doi.org/10.1007/978-3-319-31816-5_3575-1