STABILITY IN AN INTEREST-FREE ISLAMIC ECONOMY: A NOTE

Muhammad Anas Zarqa

Pakistan Journal of Applied Economics, 1983, vol. 2, issue 2, 181-188

Abstract: In the context of the Islamic prohibition on interest, this note examines the implications of an equity-based banking system for the stability of the economy. Several arguments are adduced which suggest, contrary to Dr. Naqvi’s {1981} claim, that eguity-financing may promote stability

Date: 1983
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