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Purpose – Having argued in the part I paper that the interest‐based fiat monetary system is not compatible with the objectives of the Islamic law or the Shariah, this paper seeks to argue why commodity moneys, like the gold dinar and silver dirham, are compatible with the maqasid....
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Purpose – The purpose of this paper is to describe the application of the Islamic financing method based on direct musharakah to the conventional capital asset pricing model yielding several interesting hypotheses. Design/methodology/approach – Theoretical methodology, with maximin criteria,...
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in Islamic economics. The paper aims to develop criteria of acceptance and rejection of a theory and providing … Islamic economics especially in the area of methodology of Islamic economics, both in English and Arabic, is reviewed … critically and used in the attempt of constructing the criteria of theory appraisal in Islamic economics. Findings – The paper …
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