Mushtaq, Saba; Siddiqui, Danish Ahmed - In: Financial Innovation 2 (2016) 9, pp. 1-14
Background: Saving and investment are two of the most important tools for economic growth. The interest rate has always … been considered an important determinant of saving and investment. However, according to Islamic teachings, riba or earning … interest on saving or investment is forbidden, and thus, many Muslims try to avoid earning income from the interest rate …