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Interest-Free Commercial Banking

Original price $6.00 - Original price $6.00
Original price
$6.00 - $6.00
Current price $6.00

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.