The Design of Instruments for Government Finance in an Islamic Economy

The Design of Instruments for Government Finance in an Islamic Economy
This paper presents perhaps the most viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of return are forbidden. Resources to finance government infrastructural and development projects can be... READ MORE...

Publication date: April 1998
ISBN 9781451847482
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