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Does issuing government debt needed as a Ponzi scheme in Islamic finance: A general equilibrium model
Al-Zoubi, Haitham A.; Maghyereh, Aktham; Al-Zu'bi, Bashir; … - In: Managerial Finance 34 (2008), pp. 726-736
Purpose -The purpose of this paper is to theoretically describe the role of Zakah as a vital tool of fiscal policy in achieving Pareto optimality. Design/methodology/approach - The paper sets a general equilibrium model that describes the long-run convergence to a Pareto optimal allocation in a...
Persistent link: https://www.econbiz.de/10010760020
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Islamic banking and finance: on its way to globalization
Khan, M. Mansoor; Bhatti, M. Ishaq - In: Managerial Finance 34 (2008), pp. 708-725
Purpose -The main objective of this paper is to highlight the unprecedented growth of Islamic banking and finance in … the contemporary finance world. It captures the advancements of Islamic banking and finance industry across the tools … paper deals with the paradigm of Islamic banking and finance. It constitutes a general review that bears special features …
Persistent link: https://www.econbiz.de/10010760023