The Benchmark Issue in the Islamic Financial System

This paper identifies a major lacuna in the conceptual development of Islamic financial market operations. It argues that in the absence of a well developed benchmark that would facilitate macro- and micro-level decision making with regards to cost of capital and opportunity cost of investments in...

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Bibliographic Details
Main Author: Zamir Iqbal
Format: article
Language:EN
Published: International Institute of Islamic Thought 1999
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Online Access:https://doaj.org/article/20e5bfe08f6444b8b9ddc2f6c9b3faca
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