Debts in the economy, reserve requirements and credit creation : fractional reserve system : [1]
Fatawa Question
Dr. Monzer, Assalamu Alaykum. I pray that, by the Grace of God, all is well with you and family. I hope you remember me : I am from Dallas area and have moderated the Islamic Financing and Zakah workshop in 2007 Dec at Irving mosque. Based on my understanding, in Islamic financial system money can't be multiplied like that in a fractional reserve system of the western banking system. if that is the case, then what is the role of Islamic banks in a financial system ? Could you provide any URL or send me any papers that will give me some overview ? I have been invited for a discussion tomorrow noon. I have general understanding of other area of Islamic financing, but I need to educate myself about the role of Islamic banks from a money supply perspective. Regards, Aslam
Fatwa
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Publication Date
2009-10-15
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-730788
American Psychological Association (APA)
Qahf, Mundhir. 2009-10-15. Debts in the economy, reserve requirements and credit creation : fractional reserve system : [1]. .
https://search.emarefa.net/detail/BIM-730788
Modern Language Association (MLA)
Qahf, Mundhir. Debts in the economy, reserve requirements and credit creation : fractional reserve system : [1]. 2009-10-15.
https://search.emarefa.net/detail/BIM-730788
American Medical Association (AMA)
Qahf, Mundhir. 2009-10-15. Debts in the economy, reserve requirements and credit creation : fractional reserve system : [1].
https://search.emarefa.net/detail/BIM-730788
