Quantifying the Effect of Interest Rate on Islamic Banks Financing in the United Kingdom

Quantifying the Effect of Interest Rate on Islamic Banks Financing in the United Kingdom

The conceptual framework of Islamic banking and finance is predicated on prohibiting riba (interest) and avoiding business practices that contravene ethical norms, potentially leading to injustice. Notwithstanding its professed commitment to eschew interest-based transactions, there is a prevalent...

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Bibliographic Details
Main Author: Sulaimon Adebesin
Format: Article
Language:English
Published: Università degli Studi di Torino 2024-12-01
Series:European Journal of Islamic Finance
Subjects:
Islamic banks
Conventional banks
Interest rate
Islamic finance
United Kingdom
Online Access:https://ojs.unito.it/index.php/EJIF/article/view/8706
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