Interest-Free Commercial Banking
- Publisher: MY - ASN
- Author: Dr. Thameem Ushama
- Product Code/ISBN: 9789830650197
- Specifications: Paperback 86pp
- Availability: Out Of Stock
- Price: $6.50
Studies the problem of eliminating interest from the banking system from basic principle. Using a general model of the commercial bank lending process, shows that interest can be eliminated from modern commercial banking without resort to drastic measure. >Presents a commercial banking system that is free of interest but is fully viable and compatible with current practices in the conventional system. >This system is practicable in strictly Islamic countries, nominally Islamic countries as well as in other countries. The only requirement is that there is a clientele that wishes to avoid dealing in interest.