Money, capital and the Islamic property rights paradigm
The purpose of this paper is to highlight the profound transformations that occur in ribawi financial systems when an Islamic conception of property rights is adopted. The nature of financial transactions changes, financial markets undergo structural transformation, and money, capital and financial assets acquire new jurisprudential status. Banks' relationship with their clients and with the Central Bank will be different resulting in different macroeconomic policies and a more effective transmission mechanism. Further, the financial and real sectors of the economy will be integrated, and sustainable.
Islamic finance , Islamic banking , Islamic property right system , Money and capital
Sadr, S. K. (2016). Money, capital and the Islamic property rights paradigm. Journal of Islamic Economics, Banking and Finance, 12 (1), pp. 13-32.
Islamic Bank Training and Research Academy