Islamic banks faced practical difficulties in using Musharakah, especially in conventional financial environments and often without strong governmental support.
But the criticism is that banks should still have moved gradually toward more Musharakah on a selective basis. Meaningful expansion remained limited.
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Islamic Banking: The Core Philosophy and the Musharakah Gap
Islamic banks faced practical difficulties in using Musharakah, especially in conventional financial environments and often without strong governmental support.
But the criticism is that banks should still have moved gradually toward more Musharakah on a selective basis. Meaningful expansion remained limited.