If interest free banking has to co-exist with Islamic banking then, for the success of Islamic banking, it is essential that a) Islamic banking should be done by separate institutions and not by the existing interest-based banks (along with their interest-based activities under the same roof, b)...

There are several Islamic modes and techniques of financing as alternatives to interest based financing. Each of these techniques has different economic implications for those who provide the finance and for those who use the finance. This paper presents some economic dimensions of the major...