Book Review: Central Banking in an Interest Free Banking System, by: Hamid Zangeneh and Ahmad Salam, Comments: Rodney Wilson مراجعة علمية لكتاب: الأعمال المصرفية المركزية في نظام الخدمات المصرفية بدون فوائد ، تأليف: حامد زنقانة واحمد سلام، تعليقات: رودني ويلسون

Rodney Wilson ()
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Rodney Wilson: Professor of Economics Department of Economics University of Durham, U.K.

No 413, Book reviews and book reports published in the Journal of King Abdulaziz University: Islamic Economics. from King Abdulaziz University, Islamic Economics Institute.

Abstract: The article by Hamid Zangeneh and Ahmad Salam is a welcome departure in the Islamic finance literature, as relatively little has been written about the role of central banks in an Islamic financial system. The authors review the major functions of central banks, and then discuss how monetary tools need to be adapted in an Islamic economy, these including discount rates, open market operations, reserve ratios, refinancing ratios, credit controls, moral persuasion, profit sharing ratios and exchange rates.

Pages: 0 pages
Date: 1997-01
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Published in the Journal of King Abdulaziz University: Islamic Economics, Volume: 9, Issue: 1

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Persistent link: https://EconPapers.repec.org/RePEc:abd:jkaubr:413

DOI: 10.4197/islec.9-1.3

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