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: Munawar Iqbal
Format: Article
Language:English
Published: Universiti Utara Malaysia 2013-07-01
Series:International Journal of Banking and Finance
Online Access:https://www.scienceopen.com/document?vid=6d7b4811-a8dc-4316-a641-190bb958c677