English, Article edition: The comparative role of banking in binary and Islamic economy Rodney Shakespeare; Sofyan Harahap

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/461
Physical Description
  • article
Language
  • English

Edition details

Title
  • The comparative role of banking in binary and Islamic economy
Author
  • Rodney Shakespeare
  • Sofyan Harahap
Physical Description
  • article
Notes
  • Purpose – The purpose of this paper is to set out the role of banking in a binary and Islamic economy. Design/​methodology/​approach – By comparison, the paper shows that the main requirements for such an economy, although superficially similar, differ from the realities of “free market” finance capitalism. The paper goes on to explain how, in a binary and Islamic economy, commercial banks would be the means by which interest-free loans, coming from the central bank and ummah and directed at various forms of productive capacity, would be introduced. Findings – There is no difficulty in using the banking system to introduce the binary and Islamic economy. However, a paradigm issue is involved. Practical implications – The central bank-issued interest-free loans implemented through the commercial banking system loans serve the ends of both binary and Islamic economics in that they enhance the real economy and forward social and economic justice. Originality/​value – The paper shows how use of these loans is a new concept with a power to change the whole of the economy and society in a beneficial way.
  • Banking, Economic processes, Free market economy, Interest rates, Islam, National economy
  • RePEc:eme:humpps:v:25:y:2009:i:2:p:142-162
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment