A Monetary and Financial Structure for an Interest-Free Economy: Institutions, Mechanism & Policy

Author(s)
Al-Jarhi, Mabid
Keywords
E4 - Money and Interest Rates
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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URI
http://hdl.handle.net/20.500.12424/1119574
Online Access
https://mpra.ub.uni-muenchen.de/66741/1/MPRA_paper_66741.pdf
Abstract
This paper attempts to outline a possible financial structure for an
 interest-free economy, which would conform to the Islamic principles.
 The basic characteristics of that economy are not new. Pioneers in
 Islamic economics have mentioned them previously1. However, they
 were scattered in many writings and under diverse Topics2. Yet those
 attempts have opened a path to this topic to be handled in an effective
 manner.
Date
1980
Type
MPRA Paper
Identifier
oai::66741
https://mpra.ub.uni-muenchen.de/66741/1/MPRA_paper_66741.pdf
Al-Jarhi, Mabid (1980): A Monetary and Financial Structure for an Interest-Free Economy: Institutions, Mechanism & Policy. Published in: Z. Ahmad, M. Iqbal and M.F. Khan, eds., Money and Banking in Islam No. Center for Research in Islamic Economics, Jeddah, and the Institute of Policy Studies, Islamabad, (1983): pp. 1-38.
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