Profitability of Islamic PLS Banks Competing with Interest Banks: Problems and Prospects
Year: 1983
Type: preprint
Abstract: In many books on Islamic economics and banking published during the 1960s and early 1970s, Islamic banks are interpreted as financial institutions which base their whole loan business on the principle of Profit and Loss Sharing (PLS) with the entrepreneurial partners. The authors of these books usually tried to demonstrate the allocational and distributive superiority of an interest-free Islamic economy in which the conventional interest-based banking system is replaced by a system of Islamic PLS banks.
Source: SSRN Electronic Journal
Author: Volker Nienhaus
Institution: Ruhr University Bochum
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3198665331