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 TypeDr GradeEmail
حامد زنجنية HAMID ZANGENEHResearcher  
أحمد عبدالسلام AHMAD SALAMResearcher  

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