interest and loan. …

discontinuation of interest, how inflation will be checked with central banks not having at its disposal conventional OMO, how … balance of payments and exchange rate stability can be managed in an interest free economy. If in the short term, the …

corporate finance, interest free finance, alternatives suggested in the past and their pros and cons, role of central bank in …

The traditional concept of Riba (interest) is an excess amount on loan, which creditor receives from debtor on the …

loans, which did pay interest, and thus with the usury controversies that erupted, over not just such loans, but the sale of … interest-bearing debt certificates in secondary markets. The alternative solution, found elsewhere – first in northern French … thirteenth century as a response to circumvent not only the usury doctrine (to ‘disguise’ interest payments in the exchange rate …

particularly, of his theory of capital and interest. The paper starts by arguing that Shackle’s general approach stems from the … theory of interest or of the Austrian theory of capital, Shackle fails to highlight the difference between the theory of … interest as such (the old Austrian theory) and the theory of the money rate of interest (the Keynesian theory) as well as the …

The argument that modern economies cannot function without interest is examined in detail. We show that Islamic … alternatives to interest, which vary with the context and the type of loan, provide adequate substitutes. Interest based …

monetary reforms. It discusses how savings would feature despite discontinuation of interest, how inflation will be checked … with central banks not having at their disposal conventional OMO, how liquidity will be managed in banking sector when a … exchange rate stability can be managed in an interest free economy. If in the short term, the government or central bank needs …