The design of instruments for government finance in an Islamic economy
Joint Authors
Mirakhur, Abbas
Al Haqqi, Nadim
Source
Issue
Vol. 6, Issue 2 (31 May. 1999), pp.27-43, 17 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
1999-05-31
Country of Publication
Saudi Arabia
No. of Pages
17
Main Subjects
Economy and Commerce
Financial and Accounting Sciences
Abstract EN
This paper attempts to present a viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of return are forbidden.
Resources to finance government infrastructural and development projects can be mobilized through the issuance of a national participation paper (NPP) and this instrument can also serve as an instrument of monetary management.
Various conceptional issues underpinning the introduction of such an instrument and methods of calculating a corresponding rate of return are discussed In principle, this approach has been accepted in Iran
American Psychological Association (APA)
Al Haqqi, Nadim& Mirakhur, Abbas. 1999. The design of instruments for government finance in an Islamic economy. Islamic Economic Studies،Vol. 6, no. 2, pp.27-43.
https://search.emarefa.net/detail/BIM-154340
Modern Language Association (MLA)
Al Haqqi, Nadim& Mirakhur, Abbas. The design of instruments for government finance in an Islamic economy. Islamic Economic Studies Vol. 6, no. 2 (May. 1999), pp.27-43.
https://search.emarefa.net/detail/BIM-154340
American Medical Association (AMA)
Al Haqqi, Nadim& Mirakhur, Abbas. The design of instruments for government finance in an Islamic economy. Islamic Economic Studies. 1999. Vol. 6, no. 2, pp.27-43.
https://search.emarefa.net/detail/BIM-154340
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 43
Record ID
BIM-154340
