A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems
Publish place: Iranian Economic Review Journal، Vol: 8، Issue: 8
Publish Year: 1382
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_IER-8-8_003
تاریخ نمایه سازی: 21 مهر 1402
Abstract:
The present paper is an attempt to: ۱- Demonstrate how money is created (by the nature of the system), and to estimate the inflation resulting from monetary factors in both usurious and non-usurious systems. Operational aspects of Islamic and non-Islamic banking systems are compared. ۲- Introduce a corrective term to be added to the multiplier of the supply of money, in order to prevent the under-estimation of the multiplier into the usurious system.