Portfolio determination of a zero-interest financial system entity
Joint Authors
Khalid, Safi Allah
Khandkir, Abd al-Wahhab
Source
Issue
Vol. 22, Issue 1 (31 May. 2014), pp.217-232, 16 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2014-05-31
Country of Publication
Saudi Arabia
No. of Pages
16
Main Subjects
Financial and Accounting Sciences
Topics
- Banks
- Islamic jurisprudence
- Islamic economics
- Islam
- Financing
- Profits
- Financial policy
- Speculation
- Resale on profit
- Religious aspects
- Banking
- Usury
- Partnerships
- Loss(Psychology)
- Markup
- Investment portfolio
Abstract EN
Beginning in the 1930s and increasing significantly post-colonialism, some Muslims scholars have wondered about the divine edict of interest-free nominal sector and how to realize it in the context of modern mass deposit institution and wide, concentrated financing demand for trade, entrepreneurship and consumption ends.
This undertaking has faced challenges posed by the interest-based nominal sector.
Evidence has mounted about the limitations of interest-free banks in the way they are organized and, of late, the largely a theoretical way they do business and their business and political operative environment.
For explaining the phenomenon and predicting events, a risk-discounted, expected profit objective function produces rules for inter and intra-sectoral allocation of funds.
The non-homogeneity of mark-up and profit-loss-sharing products leads to adopting the average sizes of outlays in the two sectors as the choice variables.
Identifying allocation rules for resources will benefit empirical analysis, banking policy and the central bank’s monitoring effort.
American Psychological Association (APA)
Khalid, Safi Allah& Khandkir, Abd al-Wahhab. 2014. Portfolio determination of a zero-interest financial system entity. Islamic Economic Studies،Vol. 22, no. 1, pp.217-232.
https://search.emarefa.net/detail/BIM-540312
Modern Language Association (MLA)
Khalid, Safi Allah& Khandkir, Abd al-Wahhab. Portfolio determination of a zero-interest financial system entity. Islamic Economic Studies Vol. 22, no. 1 (May. 2014), pp.217-232.
https://search.emarefa.net/detail/BIM-540312
American Medical Association (AMA)
Khalid, Safi Allah& Khandkir, Abd al-Wahhab. Portfolio determination of a zero-interest financial system entity. Islamic Economic Studies. 2014. Vol. 22, no. 1, pp.217-232.
https://search.emarefa.net/detail/BIM-540312
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 231-232
Record ID
BIM-540312