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New Monetary Policies in Usury Free Banking

Author

Listed:
  • Hamid Reza Izadi
  • Maryam Izadi

Abstract

The aim of this research is to find monetary policy tools in usury free banking. We will review the ideas of Muslims in Iran and outside the Iran for this subject. In this work, we will explain the effects of monetary policies on economy. This article is about explanation of two subjects: In the first subject, reports about usury free banking and ways of absorbing granted facilities is presented from the Islamic thinkers’ point of views. The second object elaborates on monetary policies of this system. At the end, this article shows monetary policy tools which have special effects on this mechanism.

Suggested Citation

  • Hamid Reza Izadi & Maryam Izadi, 2013. "New Monetary Policies in Usury Free Banking," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(7), pages 881-905.
    • Handle: RePEc:asi:aeafrj:v:3:y:2013:i:7:p:881-905:id:1060
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