A note on interest and banking in Islam
After a brief discussion of views concerning the prohibition of interest, the paper describes some of the equity attributes of interest-free banking. The analysis shows that the risk needs to be considered in the demand for money function because of the complementarity of the demand for money and ph...
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| Collaborateurs: | |
| Type de support: | Imprimé Article |
| Langue: | Anglais |
| Vérifier la disponibilité: | HBZ Gateway |
| Journals Online & Print: | En cours de chargement...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Publié: |
Bergamo Univ. Press
1991
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| Dans: |
Savings and development
Année: 1991, Volume: 15, Numéro: 4, Pages: 373-384 |
| Sujets non-standardisés: | B
Marché des capitaux
B Islamische Staaten B Islam B Marché monétaire B Taux d'intérêt B Épargne B Banc B Islamische Länder / Islamische Welt Geld- und Kapitalmarkt Banc Zinsen Sparwesen Islam |
| Résumé: | After a brief discussion of views concerning the prohibition of interest, the paper describes some of the equity attributes of interest-free banking. The analysis shows that the risk needs to be considered in the demand for money function because of the complementarity of the demand for money and physical capital in LDCs. The presence of both formal and informal financial markets in LDCs means less spending and higher informal market rates of interest. (DSE) |
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| ISSN: | 0393-4551 |
| Contient: | In: Savings and development
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