ARCHER, SIMON; KARIM, RIFAAT AHMED ABDEL - In: International Journal of Theoretical and Applied … 09 (2006) 03, pp. 269-280
Islamic banks do not pay interest on customers' deposit accounts. Instead, customers' funds are placed in profit-sharing investment accounts (PSIA). Under this arrangement, the returns to the bank's customers are their pro-rata shares of the returns on the assets in which their funds are...