This book includes selected papers.
This book introduces the idea of banking operations based on Islamic partnership and profit-sharing, free of interest. It demonstrates how the creation of high powered money as well as of bank money in the Islamic system can be firmly linked with genuine possibility of production, minimising the chances of inflation. It also compares and contrast the Islamic banking system with the interest based banking and shows the superiority of the former on the grounds of distributive justice, allocative efficiency, stability and growth.
PB 152pp
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