Interest and the Modern Economy
The Lahore Journal of Economics, Vol. 6, No.1, pp. 113-127, 2002
Islamic Economic Studies, Vol. Vol. 8, No. 2, Muharram 1422H (April 2000)
12 Pages Posted: 31 Jan 2009
There are 2 versions of this paper
Interest and the Modern Economy
Interest and the Modern Economy
Date Written: January 1, 2002
Abstract
Contrary to common misconceptions, Islamic ban on interest would not adversely affect investments or growth. The paper also lists several disadvantages and inefficiencies resulting from conventional interest based loans, and argues for the merits of the Islamic law regarding interest.
Keywords: Islamic Economics, prohibition of interest
JEL Classification: E49, Z10
Suggested Citation: Suggested Citation
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