On the Stability of an Islamic Financial System
n an Islamic economy, the financial sector functions to support the real sector. There are no interest rate based debt instruments. Financial assets are based on risk and return sharing and are contingent claims. Real as well as monetary forces determine the rate of return. As in traditional general...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2014-06-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12463/12271 |