NEW MONETARY POLICIES IN USURY FREE BANKING
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 7
Abstract
The aim of this research is to find monetary policy tools in usury free banking. We will review the ideas of Muslims in Iran and outside the Iran for this subject. In this work, we will explain the effects of monetary policies on economy. This article is about explanation of two subjects: In the first subject, reports about usury free banking and ways of absorbing granted facilities is presented from the Islamic thinkers’ point of views. The second object elaborates on monetary policies of this system. At the end, this article shows monetary policy tools which have special effects on this mechanism.
Authors and Affiliations
Hamid Reza Izadi| Department of Economics, Faculty of Management and Humanitie, Chabahar Maritime University, Iran, Maryam Izadi| Economic Expert of Bank of Industry & Mine, Tehran, Iran
Keywords
Related Articles
- EP ID EP1934
- DOI -
- Views 446
- Downloads 50
THE TREND ANALYSIS OF ISLAMIZATION IN MALAYSIA USING ISLAMIZATION INDEX AS INDICATOR
This paper empirically analyses the trend of Islamization in Malaysia using the Islamization Index as an indicator to determine whether the time series dataset of the Islamization index possess deterministic trends or st...
APPROACH TO THE ASSESSMENT IRREGULARITY AND CYCLIC DYNAMICS OF TERRITORIAL DEVELOPMENT
Purpose – The main purpose of this study is a modelling of assessment processes for irregularity and cyclical of dynamic regions development, which used to reduce inter-regional contrasts, disruptions and variations in a...
THE IMPACT OF SALARY STRUCTURE, PERFORMANCE REQUIREMENTS, AND TYPE OF BUSINESS ON THE PERFORMANCE OF HOUSING BROKERAGE EMPLOYEES
This study investigated the effects of salary structure, performance requirements, and type of business on the performance of housing agents. The participants in the study survey consisted of the employees of real estate...
FUNDING CRISIS IN HIGHER EDUCATION INSTITUTIONS: RATIONALE FOR CHANGE
An important priority of public policy is to ensure that higher education institutions contribute to economic growth and social progress as a whole, especially in the context of today’s globalised markets and knowledge e...
COMMERCIAL BANK NON-INTEREST FEE CHARGES: ARE FEE CHARGES DIFFERENT BETWEEN ISLAMIC BANKS AND CONVENTIONAL BANKS? EVIDENCE FROM BANGLADESH
In the Western world, consumers complain about the soaring of non-interest bank fees during the recent years, the post global financial crisis in particular. Commercial banks charge a variety of non-interest fees for the...