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Comparative Economics Of Some Islamic Financing Techniques

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  • KHAN, M. FAHIM

    (Head, Research Division, Islamic Research and Training Institute)

Abstract

There are several Islamic modes and techniques of financing as alternatives to interest based financing. Each of these techniques has different economic implications for those who provide the finance and for those who use the finance. This paper presents some economic dimensions of the major Islamic financing techniques in a comparative perspective. The comparative economics of these techniques has been discussed with respect to (a) their distinctive economic features, (b) role of these features in economic decision making, and (c) macro-economic consequences It has been argued that the permissibility and availability of a variety of modes of financing with different economic implications gives tremendous flexibility to individuals as well as society in the management of their financial affairs.

Suggested Citation

  • Khan, M. Fahim, 1994. "Comparative Economics Of Some Islamic Financing Techniques," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 2, pages 35-68.
    • Handle: RePEc:ris:isecst:0116
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    References listed on IDEAS

    as
    1. Volker Nienhaus, 1983. "Profitability of Islamic PLS Banks Competing with Interest Banks: Problems and Prospects ربحية البنوك الإسلامية المشاركة في المنافسة مع البنوك ذات الفائدة: المشاكل والآفاق," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(1), pages 31-39, January.
    2. repec:abd:kauiea:oldjournal:v:1:y:1983:i:1:no:3:p:31-39 is not listed on IDEAS
    3. Mohsin S. Khan, 1986. "Islamic Interest-Free Banking: A Theoretical Analysis (Le système bancaire islamique: analyse théorique d'un système qui ne fait pas appel à l'intérêt) (La prohibición islámica de los intereses," IMF Staff Papers, Palgrave Macmillan, vol. 33(1), pages 1-27, March.
    4. Stigler, George J., 2011. "Economics of Information," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 35-49.
    5. Geoffrey Heal, 1976. "Do Bad Products Drive Out Good?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(3), pages 499-502.
    6. Flath, David, 1980. "The Economics of Short-Term Leasing," Economic Inquiry, Western Economic Association International, vol. 18(2), pages 247-259, April.
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    Cited by:

    1. El-Hawary, Dahlia & Grais, Wafik & Iqbal, Zamir, 2007. "Diversity in the regulation of Islamic Financial Institutions," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(5), pages 778-800, February.
    2. World Bank, 2002. "Reducing Vulnerability and Increasing Opportunity : Social Protection in the Middle East and North Africa," World Bank Publications - Books, The World Bank Group, number 14255, December.

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