Religious Pluralism, yet a Homogenous Stance on Interest Rate: The Case of Judaism, Christianity, and Islam

Despite the conventional consensus that interest rates are efficient mechanism of allocating loanable funds and the most influential monetary policy instrument in modern economies, the three major monotheistic religions, Judaism, Christianity, and Islam, prohibit the use of interest and consider cha...

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Bibliographic Details
Main Authors: Ahmed S. Abou-Zaid, Tesa Leonce
Format: Article
Language:English
Published: University of Finance and Management, Warsaw; Vistula University 2014-06-01
Series:Contemporary Economics
Online Access:http://ce.vizja.pl/en/download-pdf/id/344