Islamic Stock Markets in a Global Context
This 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
|Date of creation:||26 Jan 2013|
|Date of revision:|
|Publication status:||Published in Economic Development and Islamic Finance: Directions in Development Chapter 10 (2013): pp. 275 -296|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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