Modern Islamic banking’s use of commodity murabaha is analogous to the medieval Christian contractum trinius. Both are legal devices designed to achieve the practical effects of interest while formally complying with religious prohibitions.
Written in
by
Modern Islamic banking’s use of commodity murabaha is analogous to the medieval Christian contractum trinius. Both are legal devices designed to achieve the practical effects of interest while formally complying with religious prohibitions.
Categories
A place where I write, compile, and share things that interest me from a wide range of topics.
Leave a comment