Interest prohibition and financial product innovation

J. A. Bergstra and C. A. Middelburg

Papers from arXiv.org

Abstract: We give a rough sketch of the Judaic, Greek, Islamic and Christian positions in the matter of interest prohibition during the last few millennia and discuss the way in which interest prohibition is dealt with in Islamic finance, the problems with authority-based arguments for interest prohibition, and the prospects of interest prohibition with the advent of electronic money.

Date: 2011-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Finance Islamique: Regard(s) sur une Finance Alternative, pages 274--284, Mazars Hadj Ali, 2011

Downloads: (external link)
http://arxiv.org/pdf/1104.2471 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1104.2471

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().