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Creditor-Debtor Relations: Some Issues, Some Proposals علاقات الدائن والمدين: بعض القضايا والمقترحات

In: Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07

Author

Listed:
  • Munawar Iqbal

    (Professor, Islamic Economic Institute King Abdulaziz University, Jeddah)

Abstract

Taking debt has always been a controversial issue. The decision has historically been viewed differently in different cultures. Perceptions about the extent of its benefits and harms have also varied in various economic situations. In the last fifty years debt-taking has been on the rise due to an increasingly tolerant view by economists, commending its advantages and dismissing its well-known macroeconomic disadvantages. This school of thought considers that leveraging is a useful way of increasing wealth. Debt can open up many opportunities for individuals, corporations and governments to meet the needs or capture opportunities that their present incomes cannot afford and can also increase national income by putting idle resources into use. The 2008 debt crisis has raised a number of questions about this tolerant view and even those who took liberal stands with respect to debt are now reconsidering their opinions. --

Suggested Citation

  • Munawar Iqbal, 2012. "Creditor-Debtor Relations: Some Issues, Some Proposals علاقات الدائن والمدين: بعض القضايا والمقترحات," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07, edition 1, chapter 8, pages 627-662, King Abdulaziz University, Islamic Economics Institute..
    • Handle: RePEc:abd:ieibch:711
    as

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    File URL: https://iei.kau.edu.sa/Files/121/Files/159007_EHBN-07.pdf#page=170
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    References listed on IDEAS

    as
    1. Islahi, Abdul Azim, 2006. "The emergence of mercantilism as a reaction against Muslim power: some of the evidences from history," MPRA Paper 18384, University Library of Munich, Germany, revised 18 Feb 2007.
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