Interest-free banking

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08
Year
1983
Country
Pakistan
Language
English
Abstract

Everyone must support and aid the banking system's development if it is to Islamize. Ways to abet this process include the announcement of a definite schedule after fund requirements are met and the granting of advantages to companies with PLS agreements with banks and institutions. If loss occurs, share capital and PLS funds should be handled equally. The difference between management shares and outsider shares should be recognized. Other important elements include a method of spreading risk to absorb losses, intensive training of bank officials, and a committee of advisory experts.

English
ISSN/ISBN
0531-7819
No. of Pages
pp.7-8
Number
1
Volume
14
Select type of work
Name of the Journal
Author(s)
CIS Program Old
CIS publications
No
CIS Thesis
No