Salleh, Murizah Osman; Jaafar, Aziz; Ebrahim, M. Shahid - Bangor Business School, Bangor University - 2011
Premised on the finance-growth-poverty nexus, economic advancement of Muslim countries must be underpinned by a robust financial system. Nonetheless, this measure requires foremost demystifying the riba enigma. In this paper we develop a rational expectations model to study the riba injunction...