The aim of this research is to find monetary policy tools in usury free banking. We will review the ideas of Muslims in Iran and outside the Iran for this subject. In this work, we will explain the effects of monetary policies on economy. This article is about explanation of two subjects: In the first subject, reports about usury free banking and ways of absorbing granted facilities is presente...

Article history: Received 21 August 2013 Accepted 15 November 2013 Available online 19 December 2013 Capital adequacy plays an important role in determining banking activities. A bank must hold a minimum level of capital to ensure sufficient funds to buffer against unexpected losses or adverse shocks. This study analyzes and compares Islamic and conventional banks in 14 Organization of Islamic ...

This paper investigates the transmission mechanism of dual monetary system from conventional and Islamic policy rates to inflation and output. We apply Granger Causality and VAR methods on monthly data of Indonesian banking, during the period of January 2003 to December 2009. The result shows that conventional policy rate is transmitted to output and inflation, while Islamic policy rate are not...

This study determines whether it is possible to distinguish between conventional and Islamic banks in the Gulf Cooperation Council (GCC) region on the basis of financial characteristics alone. Islamic banks operate under different principles, such as risk sharing and the prohibition of interest, yet both types of banks face similar competitive conditions. The combination of effects means it is ...

Discussions pertaining to the various Islamic dimensions are actively being undertaken in the media. Within the academic circle, journal articles are accepted as an effective media in the dissemination of knowledge. Articles with Islamic perspectives can be found in disciplines that include Medicine, Banking, Economics and Finance. However, there is little to suggest of the types and frequencie...

since the start of modern banking in islamic countries, some scholars have tried to provide a certain interpretation of riba prohibition in islam which does not cover the interest-based banking system. hence, it is completely possible to use conventional banking in islamic countries. on the other hand, some others have tried to come up with a more comprehensive understanding of riba and critici...