Tag Archives: Fractional Reserve Banking

Critical Analysis of Arguments in Favor of Interest

Salman Ahmed Shaikh In this article, we briefly analyze the logical arguments that are usually presented in the defense of interest as a price of money capital in loans. Interest is the price of risk It is not correct to … Continue reading

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , , | 1 Comment

Consumerism and Credit Cards: Implications for Islamic Finance

Salman Ahmed Shaikh In consumer behavior, there are two important aspects from Islamic economics perspective that must be understood. First aspect is related to the ‘choice set’ and second aspect is related to the ‘budget constraint’. Limit on Choice Set … Continue reading

Rate this:

Posted in Articles on Islamic Finance | Tagged , , , , , , , , , | 6 Comments