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Document Details
Document Type
:
Article In Journal
Document Title
:
Central Banking in an Interest-Free Banking System
المصارف المركزية في نظام مصرفي خال من الربا
Subject
:
Articles and Notes
Document Language
:
English
Abstract
:
There is a vast literature on regulatory, monetary and institutional aspects of traditional banking system. This is not true for the interest-free Islamic banking framework. In this paper, the functions and tools of central banking in an Islamic framework are evaluated, and suggestions for adapting and revising the currently used tools of central banking for the Islamic central banking are made. It is shown that the current monetary policy tools of interest-based economies could be modified and used in an interest-free Islamic banking system. This paper shows that the needed technical and administrative modifications are to a large extent, minor. The existence of high speed computer technology and new accounting practices, it is argued, have increased the feasibility of a true interest-free Islamic banking.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
5
Issue Number
:
1
Publishing Year
:
1413 AH
1993 AD
Number Of Pages
:
10
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
حامد زنجنية
HAMID ZANGENEH
Researcher
أحمد عبدالسلام
AHMAD SALAM
Researcher
Files
File Name
Type
Description
21017.pdf
pdf
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