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Book Review: Muhammad Nejatullah Siddiqi: Issues in Islamic Banking The Islamic foundation, Reviewed by مراجعة علمية لكتاب: قضايا في المصرفية الإسلامية المؤسسة الإسلامية - تأليف: محمد نجاة الله صديقي - مراجعة: محمد عبدالمنان

Author

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  • M.N. Mannan

    (Islamic Economics Research Center King Abdulaziz University, Jeddah, Saudi Arabia.)

Abstract

The book contains six papers both published and unpublished and begins with a survey article on money, banking and monetary policy in which the author has claimed that l^c examined critically issues such as demand for money, credit creation, 1()()Oj) reserves, discounting, indexation and so on. Then the author provides an "exposition" of the ``tni^daraba" and answers the question "why'' Islamic economists advocate a change from interest to profit-sharing which will contribute to allocative efficiency, justice and stability. On the economics of profit- sharing, the author argues that forces of demand and supply should determine the ratio of profit-sharing between users and suppliers of capital. The last chapter offers brief comments on the Report of the Pakistan Council of Islamic Ideology, 19^(). (p-i 33). --

Suggested Citation

  • M.N. Mannan, 1983. "Book Review: Muhammad Nejatullah Siddiqi: Issues in Islamic Banking The Islamic foundation, Reviewed by مراجعة علمية لكتاب: قضايا في المصرفية الإسلامية المؤسسة الإسلامية - تأليف: محمد نجاة الله صديقي ," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(1), pages 57-59, January.
    • Handle: RePEc:abd:crieja:v:1:y:1983:i:1:no:6:p:57-59
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