IMF Staff papers : Volume 33 No. 1.

This paper begins by describing the basic concepts of Islamic banking, focusing on the issue of elimination of the rate of interest from the system. Islam expressly prohibits a fixed or predetermined return on financial transactions but allows uncertain rates of return deriving from risk-taking acti...

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Bibliographic Details
Corporate Author: International Monetary Fund. Research Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1986.
Series:IMF Staff Papers; IMF Staff Papers ; No. 1986/001
Online Access:Full text available on IMF