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THE CASE FOR AN INDEXED FINANCIAL INSTRUMENT IN AN INTEREST-FREE ECONOMY

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Title: THE CASE FOR AN INDEXED FINANCIAL INSTRUMENT IN AN INTEREST-FREE ECONOMY

Authors: Salim CHISHTI

Journal: Pakistan Journal of Applied Economics

HEC Recognition History
Category From To
Y 2024-10-01 2025-12-31
Y 2023-07-01 2024-09-30
Y 2022-07-01 2023-06-30
Y 2021-07-01 2022-06-30
Y 2020-07-01 2021-06-30
Y 1900-01-01 2005-06-30

Publisher: University of Karachi, Karachi

Country: Pakistan

Year: 1986

Volume: 5

Issue: 1

Language: English

Categories
Interest Rates (25) Financial Instruments (9) Finance (9883) Economic Theory (87) Islamic Finance (1482)

Abstract

After reviewing the economic and religious arguments for and against financial indexation, a special indexed financial instrument has been suggested which may possibly rehabilitate the role of loans in an otherwise equity-oriented Islamic financial intermediation, without violating shariah requirements

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