INTRODUCING WAQF TO FRACTIONAL AND FULL RESERVE BANKING SYSTEMS FOR ECONOMIC STABILITY
Fractional reserve banking is a system in which banks extend loans by creating credit/deposit money, and which can be considered the basis of modern financial architecture. Nevertheless, it has been criticised because of its inherently weak and fragile structure in terms of financial and economic st...
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| Format: | Article |
| Language: | English |
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Bank Indonesia
2020-09-01
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| Series: | Journal of Islamic Monetary Economics and Finance |
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| Online Access: | https://jimf-bi.org/index.php/JIMF/article/view/1132 |