THE CASE FOR AN INDEXED FINANCIAL INSTRUMENT IN AN INTEREST-FREE ECONOMY

Salim Chishti*

Pakistan Journal of Applied Economics, 1986, vol. 5, issue 1, 47-61

Abstract: After reviewing the economic and religious arguments for and against financial indexation, a special indexed financial instrument has been suggested which may possibly rehabilitate the role of loans in an otherwise equity-oriented Islamic financial intermediation, without violating shariah requirements

Date: 1986
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