Pool Finance Economic System

Kayadibi, Saim (2011) Pool Finance Economic System. In: Pool Finance Economic System: Law, Democracy, Alliance of Civilization. IIUM Press, Kuala Lumpur, pp. 8-41. ISBN 9789674181215

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Abstract

This paper aims at critical examination of the Pool Finance Economic System (PFES). As it is known that usury (riba) basically is a making money method from money without encountering a risk and an effort. Conventional banks offer loans to institutions of state in exorbitant interest rates with the collected loans from different institutions of the same state in cheap interest rates. Therefore, the conventional banks augment their money without risk through lending an Institution’s money to other sector of the same institution. This tricky usury method makes them even more powerful in economic and finance life which led them to force on government and a state on any issue for their interests. As Thomas Jefferson claimed that the Conventional banks and banking institutions could become more dangerous and threatening than modern armed forces. There is no much works have been done about this financial system in regards to method, implementation, ways to success and free-interest quality. Therefore this paper will try to explore the reality of the sensitive finance issue of Pool Finance Economic System for the sake of Muslim Ummah inshaAllah.

Item Type:	Book Chapter
Additional Information:	6485/17296
Subjects:	H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Assoc. Prof. Dr. Saim Kayadibi
Date Deposited:	06 Feb 2012 19:22
Last Modified:	22 Feb 2013 09:55
URI:	http://irep.iium.edu.my/id/eprint/17296

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