Document Details

Document Type : Article In Journal 
Document Title :
Islamic Interest-Free Banking: A Theoretical Analysis
النظام المصرفي الإسلامي الخالي من الفائدة : تحليل نظري ( ترجمة عربية )
 
Subject : Articles  
Document Language : Arabic 
Abstract : This paper presents essential features of an Islamic banking system that is interest-free and consisted with the rules of Shariah (Islamic Law). An analytical model is used, employing tools and concepts of modern economics. The purpose of the exercise is fourfold: first, to show that the Islamic banking system can be formulated in a neoclassical framework; second, to demonstrate that, when cast in this formal way, the model underlying Islamic banking is not totally alien to conventional economic thinking (indeed, it is pointed out that variants of such a system have appeared in the writings of a number of eminent economists, such as Fisher (1945), Simons (1948), and Friedman (1969); third, to argue that there may be circumstances in which an Islamic banking system would be relatively more stable than the traditional interest-based banking system in the ace of certain types of shocks; finally, to propose how the Islamic banking system should be implemented so as to maximize its inherent benefits.  
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 9 
Issue Number : 1 
Publishing Year : 1417 AH
1997 AD 
Number Of Pages : 33 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
محسن س . خان MQHSIN S. KHANResearcher  

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