The Islamic Model of Non-interest Economy and the Present
Abstract
The article describes the peculiarities in attitude towards the interestbearing in various economic systems, which follow religious and ethical guidance in their economic practices. The author observes certain similarities in the views of economists belonging to different schools with respect to the nature of interest. The author focuses on the Islamic economic model as one of the most successful attempts to establish an alternative to the interest-bearing system of borrowing.
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Islamic Law
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.