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. With money yielding liquidity services in the exchange process real stock prices are negatively correlated with stochastic …
Persistent link: https://www.econbiz.de/10014608656
During the first decades of the 20th century, German Reformer Silvio Gesell (1862‐1930) championed with a certain success the reforming wave of the epoch by complementing ingenious solutions to some of the most important economic issues of his time with theoretical insights that were as...
Persistent link: https://www.econbiz.de/10014805240
laws according to the dictates of Islam. This will not be easy in Nigeria, given her multi‐religious nature. The most …. Originality/value – The paper offers some useful suggestions that may lead to effective interest‐free banking operations in …
Persistent link: https://www.econbiz.de/10014826467
Purpose – The purpose of this paper is to review the evolution of the global financial crisis, draw lessons from it, and analyse its effect(s) on the Islamic financial industry (IFI). Design/methodology/approach – Based on an extensive literature review, this paper aims to highlight,...
Persistent link: https://www.econbiz.de/10014826523
Purpose This paper aims to contribute an Islamic critique of various competing economic system’s theories of interest … point of view of discovering potential effective Islamic economic solutions of the interest-driven modern economic … theories of interest in realms of religions, philosophies and rival economic systems for contributing their comparative review …
Persistent link: https://www.econbiz.de/10014789327
Purpose – The purpose of the paper is to encourage debate around the issues of the bank and Islamisation. Design/methodology/approach – The work is an ideological examination of approaches to Islamisation and includes references to thinkers from Muslim history. Findings – The Islamisation...
Persistent link: https://www.econbiz.de/10014874400
Purpose – To reason whether the interest‐based fiat monetary system is compatible with the objectives of the Islamic … law or the Shariah. Design/methodology/approach – This is a theoretical paper that uses the quantity theory of money and … are numerous. The definition of what is money is then crucial to address the socio‐economic implications caused by the …
Persistent link: https://www.econbiz.de/10014745299
Purpose – Having argued in the part I paper that the interest‐based fiat monetary system is not compatible with the … that while fiat money is counterproductive to the maqasid al‐Shariah, commodity moneys like the gold dinar and silver … barter by taking some of the commodities exchanged in the economy, that have the characteristics of money, as money. Gold is …
Persistent link: https://www.econbiz.de/10014745303
Islam has strictly forbidden interest for the humankind. Design/methodology/approach – It is a theoretical paper that looks …. Practical implications – It is, therefore, very important to be aware of the exact stance of Islam on interest first. Then more … into analytical views of justification in order to investigate the motivation of prohibiting interest. Findings – The …
Persistent link: https://www.econbiz.de/10014745365
Purpose – The main objective of this paper is to highlight the main features of interest‐free banking theory and … practice in Pakistan over the last three decades. It explores the country‐wide interest‐free banking movement since its … inception in 1980 to its demise in 2002, and the reasons for such outcome. Moreover, it addresses the question why interest …
Persistent link: https://www.econbiz.de/10014940008