IS INTEREST FREE BANKING A MYTH ? - Softcover

Inhaltsangabe

Is Interest Free Banking a Myth? Every body wants to know about interest free banking. Is it really possible to have a full fledged banking system without its key element and that is 'interest' . There certainly shall be some different tools and instruments if that is going to happen. Is interest free banking Islamic and the followers of other religions should not pursue it? Its applicability is full of challenges and its results are surprising. Who are going to take this initiative and what are the views of monetary authorities ? The readers will find it different from Adam Smith's 'Invisible Hand' and utopian socialism. After all what is the rationale behind 'interest free banking'? It is not a philosophy, neither an ideology but an economic mechanism. Is it really beneficial for the global economy and what impact will it have on the business cycles and the anticipated next great depression. After reading this book, you will get answers to all these questions and much more. The author has made this book reader-friendly and interesting.

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