Alam Choudhury, Masudul; Al‐Sakran, Sulaiman A. - In: Managerial Finance 27 (2001) 10/11, pp. 25-46
governed by Shariah and investigates how far it accords with theory. Argues that equity financing (including non …‐interest bearing government bonds) has helped to finance growth and insulated the stock market from speculative financing. Looks at … concludes that they have “done well” in implementing Islamic principles; and that interest‐free financing is appropriate for …