Islamic Stock Markets in a Global Context

This study is a sequel to the 2012 Sheng and Singh article that identified and explained the significance of the two central tenets of Islamic finance: namely, its underpinning by a strong ethical system, and the absolute prohibition of the use of interest rates. That study also argued that the cooperation between the conventional Western system and the Islamic system is eminently sensible and will lead to a Pareto optimal increase in world welfare

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Year of publication:	2013-01-26
Authors:	Sheng, Andrew ; Singh, Ajit
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Islamic Finance \| interest rates \| western system

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	G2 - Financial Institutions and Services ; P4 - Other Economic Systems ; P49 - Other Economic Systems. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011113429