The Islamic Development Bank: A Case Study of Islamic Cooperation
Monetary and Financial Theory and Institutions
Questions for IDB
Islamic Development Bank (IDB) Jeddah has completed 10 years of operations. Gives a list of 33 issues which should be considered in the evaluation exercise. For Muslim economists. Undocumented.
The Problem of Riba
Appendix II of the book. A paper presented to the Advisory Council of Islamic Ideology, Pakistan on 17 September, 1963. Interest is unlawful in all forms. Research should focus on the development of alternatives. The existing proposals of interest-free banking (on the basis of service charge and profit-loss sharing) suffer from a number of inadequacies.The problem of international trade is still more complex. Criticises the alleged role of interest as an incentive for saving and as an allocative device. A short but useful paper. For Muslim economists. Undocumented.