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Indexation - An Islamic Evaluation الفهرسة - تقييم إسلامي

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  • S. M. Hasanuz Zaman

    (Chief of the Islamic Research Division, State Bank of Pakistan.)

Abstract

The decreasing purchasing power of money has been one of the most intriguing problems not only for the economists but also for the savers, lenders, and consumers. The inflationary tendency that enveloped the world economy after World War II and assumed alarming proportion during the seventies seems now to have become a secular trend. The economists' failure in averting this trend has not only convinced them of its weird coexistence with economic development and progress but, more than that, some of them have brought in a number of arguments to justify its existence to a certain limit and to decorate it with a constructive role in economic growth. --

Suggested Citation

  • S. M. Hasanuz Zaman, 1985. "Indexation - An Islamic Evaluation الفهرسة - تقييم إسلامي," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 2(2), pages 31-49, July.
    • Handle: RePEc:abd:crieja:v:2:y:1985:i:2:no:2:p:31-49
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    File URL: https://iei.kau.edu.sa/Files/121/Files/153904_Vol-2-2-18E-SMHZaman.pdf
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    References listed on IDEAS

    as
    1. David Finch, 1956. "Purchasing Power Guarantees for Deferred Payments," IMF Staff Papers, Palgrave Macmillan, vol. 5(1), pages 1-22, February.
    2. A. Rubner, 1960. "The Abdication of the Israeli Pound as a Standard of Measurement for medium and long-term Contracts," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 28(1), pages 69-75.
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