Investment Theory in an Islamic Perspective

Masudul Alam Choudhury
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Masudul Alam Choudhury: University College of Cape Breton

Chapter 9 in Contributions to Islamic Economic Theory, 1986, pp 123-139 from Palgrave Macmillan

Abstract: Abstract The issue of the existence of a positive rate of interest in models of economic growth and resource allocation is highly debatable in the economic literature. In the capitalistic system interest is the result of the roundaboutness of the capitalistic mode of production. In order to examine the theoretical constructs of the determination of the rate of interest in such a system one can go to the works of Knight,1 Lange,2 Joan Robinson,3 Sraffa4 and Dorfman, Samuelson and Solow.5 In this chapter we shall first make a brief study of these and other modern ideas of interest and then place the pure Islamic theory of interest in sharp contrast to these.

Keywords: Interest Rate; Marginal Productivity; Capital Good; Profit Rate; Investment Theory (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07728-1_10

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DOI: 10.1007/978-1-349-07728-1_10

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