"بررسی "به سوی بانکداری بدون بهره

Mirjalili, Seyed hossein (2013): "بررسی "به سوی بانکداری بدون بهره. Published in: journal of Economic Research and Policies , Vol. 11, No. 1 (9 May 2013): pp. 139-148.

Abstract

Interest-Free Banking hypothesis critiques conventional justifications for interest-based finance, highlighting logical inconsistencies and the conflation of interest with profit. Instead Mahmud Ahmad introduces the Time Multiple Counter Loan (TMCL) mechanism as a potential alternative, aiming to replace interest with a time-based profit-sharing model. However, the proposed method has been critiqued for its uneven merit; while it provides a historical and theoretical analysis of interest and its justifications, its exposition of interest-free banking is considered lacking in practical application and depth and contradict with the jurisprudent of usury.

• Item Type: MPRA Paper
• English Title: Review of Time Multiple Counter Loan Mechanism in the Interest-free Banking
• Language: Persian
• Keywords: Time Multiple Counter Loan, profit-sharing, usury, finance, financial ethics.
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

References

-Ahmad, Shaikh Mahmud. (1991). “Towards Interest-Free Banking”. Lahore, Pakistan: Institute of Islamic Culture.

Khan, M.A. “Towards Interest-Free Banking.” Islamic Studies 29, no. 1 (1990): 99–102.

Ziauddin, Ahmad. “Towards Interest-Free Banking.” Journal of King Abdulaziz University – Islamic Economics 4, no. 1 (1992): 81–87.

Khan, M.A. “Towards Interest-Free Banking.” Journal of King Abdulaziz University – Islamic Economics 4, no. 1 (1992): 81–87.