Islamic Stock Markets in a Global Context
AbstractThis study is a sequel to the 2012 Sheng and Singh article that identified and explained the significance of the two central tenets of Islamic finance: namely, its underpinning by a strong ethical system, and the absolute prohibition of the use of interest rates. That study also argued that the cooperation between the conventional Western system and the Islamic system is eminently sensible and will lead to a Pareto optimal increase in world welfare
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 53035.
Date of creation: 26 Jan 2013
Date of revision:
Islamic Finance; interest rates; western system;
Find related papers by JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
- P4 - Economic Systems - - Other Economic Systems
- P49 - Economic Systems - - Other Economic Systems - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-01-24 (All new papers)
- NEP-ARA-2014-01-24 (MENA - Middle East & North Africa)
- NEP-FMK-2014-01-24 (Financial Markets)
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