Riba, profit rate, Islamic rate, and market equilibrium
Muslim economists have suggested the profit rate to replace ribÉ in an Islamic economic system. While this suggestion is a step in the right direction, it still has problem since not all profits are ÍalÉl, as for example, profits from gaming and liquor businesses are definitely ÍarÉm. This paper dis...
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| Format: | Article |
| Language: | English |
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International Islamic University Malaysia
2013
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| Online Access: | http://irep.iium.edu.my/34023/ http://irep.iium.edu.my/34023/ http://irep.iium.edu.my/34023/1/RIB%C3%93%2C_PROFIT_RATE%2C_ISLAMIC_RATE%2C_AND_MARKET_EQUILIBRIUM.pdf |