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Culture, finance and markets in Saudi Arabia

Identifieur interne : 000B93 ( Istex/Curation ); précédent : 000B92; suivant : 000B94

Culture, finance and markets in Saudi Arabia

Auteurs : Masudul Alam Choudhury [Arabie saoudite] ; Sulaiman A. Alsakran [Arabie saoudite]

Source :

RBID : ISTEX:5E841ABE0EF1F8CF1DC4B3FC1A34177278E2504F

Abstract

Explains how the adoption of Islamic law Shariah theoretically affects a political economy, why it requires the abolition of interest rates as a price for money and how this is achieved. Takes Saudi Arabia as an example of a Muslim country governed by Shariah and investigates how far it accords with theory. Argues that equity financing including noninterest bearing government bonds has helped to finance growth and insulated the stock market from speculative financing. Looks at statistics on the financial structures, assets and loans of Saudi banks including joing ventures with foreign banks and concludes that they have done well in implementing Islamic principles and that interestfree financing is appropriate for this country.

Url:
DOI: 10.1108/03074350110767565

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ISTEX:5E841ABE0EF1F8CF1DC4B3FC1A34177278E2504F

Le document en format XML

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<mods:affiliation>Professor of Finance & Economics, College of Industrial Management, King Fahd University of Petroleum & Minerals, Dhahran 31261, Saudi Arabia</mods:affiliation>
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   |type=    RBID
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   |texte=   Culture, finance and markets in Saudi Arabia
}}

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