About this document
Islamic Banking: Resource Allocation & Stability by Dipto Kumar Biswas is a document available to read on EtoBox.
Islamic banking aims for distributive justice by sharing profits and losses between financiers and entrepreneurs. This introduces discipline and reduces excessive lending. Greater reliance on equity financing also promotes justice. While debt is still used, it is only created through the sale or lease of real assets to purchase goods and services, not direct lending. Several conditions are imposed to ensure transactions are genuine trades rather than speculation. Overall, Islamic banking links monetary flow
- Author
- Dipto Kumar Biswas
- Language
- EN