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This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries … (i) determined the economic aspects of the religious doctrine upon which Islam was formed, and (ii) shaped its subsequent … had to remain within limits for Islam to persist. This was instituted via restrictions on physical capital accumulation …
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Purpose – The paper's purpose is to ascertain how computing the cost of capital for Islamic banks may differ from the case of conventional ones. Design/methodology/approach – The published accounts of four major Islamic banks were analysed, so as to test the set hypotheses. Also, two surveys...
Persistent link: https://www.econbiz.de/10014826451
Purpose – In the Middle East and North Africa (MENA) region several factors contribute to corruption with a consequence of savings being squandered away and funds withheld from productive investments. This paper aims to argue that Muslim countries have a competitive advantage over the...
Persistent link: https://www.econbiz.de/10014826453
the cost of future generation is not allowed in the system of Islam and ultimately decrease the social welfare level …
Persistent link: https://www.econbiz.de/10014826454
Purpose – To reopen for discussion the issue of credit creation and control in the area of Islamic banking. Design/methodology/approach – In view of a rapid expansion of Islamic banking in recent decades, the answer to questions whether Islamic banks can create credit like mainstream banks...
Persistent link: https://www.econbiz.de/10014826455
Purpose – The purpose of this paper is to provide a detailed analysis of the Islamic banking in Algeria following the financial liberalisation initiated in the 1990 s. It seeks to examine the performance of the sole bank offering Islamic financial products in Algeria, Banque Al Baraka...
Persistent link: https://www.econbiz.de/10014826458