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Mohsin S. Khan and Abbas Mirakhor: The Financial System and Monetary Policy in an Islamic Economy, Comment: محسن س. خان وعباس ميراخور: النظام المالي والسياسة النقدية في اقتصاد إسلامي ، تعليق: زبير حسن

Author

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  • Zubair Hasan

    (Kulliyah of Economics, International Islamic University, Kuala Lumpur)

Abstract

'Financial system and monetary policy'isa vast and intricate terrain. Normally, a discussion on the subject is expected to delimitate the financial field, clarify the main policy issues. indicate the various instruments available for use, outline the institutional arrangements. and investigate the linkages of the system with other variables of the economy.11) Clearly, one could not reasonably hope Mohsin S. Khan and Abbas Mirakhor to attempt such a wide coverage within the time and space confit^c of an article. However, even in the sub-area of Islamic banking the authors use concepts and employ methods which could only lead them to conclusions of suspect validity. The paper of Khan and Mirakhor is spread over three main sections in addition to the one at the end which contains some broad conclusions of the analysis. In the first two sections, the authors state some of the main features and implications of an interest free banking system. The material they present here is largely a summary of what is already available on the subject in the literature and need not detain us here. --

Suggested Citation

  • Zubair Hasan, 1991. "Mohsin S. Khan and Abbas Mirakhor: The Financial System and Monetary Policy in an Islamic Economy, Comment: محسن س. خان وعباس ميراخور: النظام المالي والسياسة النقدية في اقتصاد إسلامي ، تعليق: زبير حسن," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 3(1), pages 83-91, January.
    • Handle: RePEc:abd:kauiea:v:3:y:1991:i:1:no:5:p:83-91
    DOI: 10.4197/islec.3-1.5
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    References listed on IDEAS

    as
    1. Zubair Hasan, 1985. "Determination of Profit and Loss Sharing Ratios in Interest-free Business Finance العوامل المحدِّدة لنسب المشاركة في الربح والخسارة," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 3(1), pages 13-29, January.
    2. Hasan, Zubair, 1985. "Determination of Profit and Loss Sharing Ratios in Interest-Free Business Finance," MPRA Paper 3013, University Library of Munich, Germany.
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    Citations

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    Cited by:

    1. Hasan, Zubair, 2008. "Credit creation and control: an unresolved issue in Islamic banking," MPRA Paper 8130, University Library of Munich, Germany, revised 07 Apr 2008.
    2. Shamim Ahmad Siddiqui, 2008. "An Evaluation of Research on Monetary Policy and Stability of the Islamic Economic system تقييم الأبحاث المتعلقة بالسياسة والاستقرار المالي لنظام الاقتصاد الإسلامي," Papers and books based on the proceedings of the Conferences organized by the Islamic Economics Institute, KAAU. 51, King Abdulaziz University, Islamic Economics Institute..
    3. Zubair Hasan, 2008. "Credit Creation And Control: An Unresolved Issue In Islamic Banking "توليد" ومراقبة الائتمان: إشكال عالق لدى المصارف الإسلامية," Papers and books based on the proceedings of the Conferences organized by the Islamic Economics Institute, KAAU. 52, King Abdulaziz University, Islamic Economics Institute..
    4. Hasan, Zubair, 2008. "Islamic Banks: Profit sharing, equity, leverage lure and credit control," MPRA Paper 11737, University Library of Munich, Germany, revised Nov 2008.
    5. Zubair Hasan, 2010. "Islamic Banks: Profit Sharing Equity and Credit Control البنوك الإسلامية: ربحية التمويل القائم على الشراكة ومراقبة الائتمان," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 23(1), pages 131-147, January.
    6. Uddin, Md Akther, 2019. "Islamic Monetary Economics: Insights from the Literature," MPRA Paper 102887, University Library of Munich, Germany.

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