Detail Islamic banking Bibliografi Author: Devereux, John (Advisor); Alkhalifa, Abdulhamid Saleh Topik: ECONOMICS; FINANCE|BUSINESS ADMINISTRATION; BANKING Bahasa: (EN )    ISBN: 0-599-65163-6     Penerbit: UNIVERSITY OF MIAMI     Tahun Terbit: 1999     Jenis: Theses - Dissertation Fulltext: 9961237.pdf (0.0B; 2 download) Abstract Most of the articles written about Islamic banking are concerned with the theoretical foundation of an interest-free banking system, and how the financial system works in that environment. But no one has attempted to explore whether an interest-free financial system is essential for Islamic countries if a high proportion of savers and investors in those countries do not participate in the interest-bases system, and consider the involvement in any interest-based transaction a sin. The consequences of less efficient financial system are critical. First, there is a high probability that productive projects are forgone. Second, accumulation of savings is inefficient. Third, the interest rate as monetary instrument will not function as policy makers intend. Using a sample of 1313 banks consist of all commercial banks operating in 40 countries drawn from a new database, I show that interest-based banking systems operating in Islamic countries are inefficient compared to their counterparts operating in non-Islamic countries. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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