Document Details

Document Type : Article In Conference 
Document Title :
An Evaluation of Research on Monetary Policy and Stability of the Islamic Economic system
تقييم الأبحاث المتعلقة بالسياسة والاستقرار المالي لنظام الاقتصاد الإسلامي
 
Subject : An Evaluation of Research on Monetary Policy and Stability of the Islamic Economic system 
Document Language : English 
Abstract : One of the key manifestations of Islamization of the contemporary economies had been replacement of interest based banking by a profit and loss sharing banking. By the end of 1970s the concept of Islamic banking had become quite popular. However, it was felt that more rigorous analytical research was required to clearly understand the consequences of the new system on savings, investment, stability of the economy, and implications for monetary policy. This paper critically evaluates some of the important theoretical models developed in this area to address different apprehensions. It has been noted that although a number of questions related to the new system remained un-answered, research interest in this area declined as Islamic banking failed to use profit and loss sharing modes of finance at a scale that would necessitate any meaningful change in monetary policy and its tools. Finally, the paper briefly contemplates on some of the reasons for this situation and makes few suggestions for future research. 
Conference Name : 7th International Conference on Islamic Economics 
Duration : From : 24-3-1429 AH - To : 26-3-1429 AH
From : 1-3-2008 AD - To : 3-3-2008 AD 
Publishing Year : 1429 AH
2008 AD 
Number Of Pages : 36 
Article Type : Article 
Conference Place : King Abdulaziz University, Jeddah 
Organizing Body : Islamic Economics Research Center 
Added Date : Thursday, July 1, 2010 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
شميم أحمد صديقيSiddiqu, Shamim AhmadResearcherDoctorateSiddiqui51@yahoo.com

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