What is it about?
Islam encourages unconditional altruism which is helpful in developing Islamic venture capital. However, Islamic reciprocity, may equally prohibit financing the entrepreneurs based simply on trust because finances are uncertain ex-ante if the entrepreneurs would live up to the trust.
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Why is it important?
It brings an apparent paradox of altruism and reciprocity that needs to be solved.
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This page is a summary of: Altruism, reciprocity and Islamic equity finance, International Journal of Islamic and Middle Eastern Finance and Management, June 2016, Emerald,
DOI: 10.1108/imefm-09-2014-0091.
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