The Benchmark Issue in the Islamic Financial System
This paper identifies a major lacuna in the conceptual development of Islamic financial market operations. It argues that in the absence of a well developed benchmark that would facilitate macro- and micro-level decision making with regards to cost of capital and opportunity cost of investments in c...
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| Format: | Article |
| Language: | English |
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International Institute of Islamic Thought
1999-07-01
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| Series: | American Journal of Islam and Society |
| Online Access: | https://www.ajis.org/index.php/ajiss/article/view/2128 |