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...
| Published in: | Savings and development |
|---|---|
| Main Author: | |
| Contributors: | |
| Format: | Print Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Bergamo Univ. Press
1991
|
| In: |
Savings and development
Year: 1991, Volume: 15, Issue: 4, Pages: 373-384 |
| Further subjects: | B
Interest
B Bench B Money market B Islam B Saving B Islamic countries B Capital market B Islamische Länder / Islamische Welt Geld- und Kapitalmarkt Bench Zinsen Sparwesen Islam |
| Summary: | 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) |
|---|---|
| ISSN: | 0393-4551 |
| Contains: | In: Savings and development
|