Islamic finance: An attractive new way of financial intermediation

Financial intermediation is a value-enhancing service. Banks are among the most important financial institutions in a modern economy for that service. Conventional banks use rates of interest (charged to clients and paid to depositors) on both the assets and the liabilities sides. Since interest is...

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Bibliographic Details
Main Author: Iqbal, Munawar
Format: Article
Language:English
Published: Universiti Utara Malaysia Press 2013
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/24975/1/IJBF%2010%202%202013%201%2024.pdf