Abstract
In the context of the Islamic prohibition on interest, this note examines the implications of an equity-based banking system for the stability of the economy. Several arguments are adduced which suggest, contrary to Dr. Naqvi’s {1981} claim, that eguity-financing may promote stability
Muhammad Anas ZARQA. (1983) STABILITY IN AN INTEREST-FREE ISLAMIC ECONOMY: A NOTE, Pakistan Journal of Applied Economics, Volume-2, Issue-2.
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