Distributive Justice and Need Fulfilment in an Islamic EconomyMunawar Iqbal International Institute of Islamic Economics, International Islamic University, 1986 - Business & Economics - 378 pages Containing some of the papers presented to the second International Conference on Islamic Economics held in Islamabad in 1983, this text reflects Muslim thinking on some of the most important economic issues of the late 20th century. |
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Page 216
... interest - based banks look only to collateral . In fact , such banks have increasingly attached importance to prospective cash flows realizing that in normal course repayment of principal and interest payments have to come from cash ...
... interest - based banks look only to collateral . In fact , such banks have increasingly attached importance to prospective cash flows realizing that in normal course repayment of principal and interest payments have to come from cash ...
Page 230
... interest ex- plains neither changes in savings nor those of investment . On the basis of such writings and evidence , the author claims that " The rate of interest has been proved to be not only an inadequate instrument of monetary ...
... interest ex- plains neither changes in savings nor those of investment . On the basis of such writings and evidence , the author claims that " The rate of interest has been proved to be not only an inadequate instrument of monetary ...
Page 248
... interest needs a little elabo- ration . I agree with him that normal rate of return in an Islamic eco- nomy is likely to be greater than the rate of interest . Probably the rate of interest which Dr. Iqbal refers to is the interest rate ...
... interest needs a little elabo- ration . I agree with him that normal rate of return in an Islamic eco- nomy is likely to be greater than the rate of interest . Probably the rate of interest which Dr. Iqbal refers to is the interest rate ...
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Common terms and phrases
agricultural ahadith Ahmad Allah amanah assets banks basic needs basis capital concept contractual rent cultivation discussion distribution of income distributional equity economic rent economists effect efficiency ensure equal example factors of production Fiqh fixed funds goals guarantee Hasan human effort Imam important income distribution increase individual inequalities interest-free International Islamic University investment iqta Islamabad Islamic banking Islamic economics Islamic society Islamic system Islamic University Islamabad Jeddah jurists Kitab labour land landlord level of living maniha Mannan marginal measures minimum level monetary mudarabah Muhammad Muslim countries natural resources need fulfilment needy nomic obligatory opinion output owner Pakistan paper perfect competition poor poverty principle problem profits programme prohibited rate of interest redistribution relative riba rich sadaqah savers sector share shari'ah Shatibi Siddiqi social sunnah surplus tion utility wages wealth zakah Zarqa