Kodu | 5171 |
Eserin Orjinal İsmi | Stability in an Interest-free Islamic Economy: A Note |
Türü | Makale |
Alan | İktisadi Düşünce |
Konu(lar) | İstikrar, İslam Ekonomisi |
Dili | İngilizce |
Yayın Yılı | 1983 |
Dergi İsmi | Pakistan Journal of Applied Economics |
Cilt No | 2 |
Sayı No | 2 |
Yayın Yeri | Karachi |
Sayfa Aralığı | 181-188 |
Keywords | Stability, Islamic Economy |
Anahtar Kelimeler | İstikrar, İslam Ekonomisi |
Açıklama | Examination of S.N.H. Naqvi’s (Ethics and Economics 1981) thesis that an equity—based-Islamic economy would be highly. unstable. Argues that an Islamic economy would be more stable for four reasons; (i) investmenfleads to greater stability than loan-finance; (ii) speculation in an Islamic economy would be considerably reduced; (iii) .in corporate finance, equity-financed corporations are more stable as they do not have to pay fixed interest payments; (iv) that ‘hot’ money movements would not take place in international finance due to small differentials in profits. Points out that Naqvi’s argument proves just the reverse. Holds that a limited liability concept is applicable in case of equity-based finance as well. Analytical. For economists. Based on primary sources. Documented. |
Bilgilerin Alındığı Kaynak | Bibliografya Kaydı |