TY - JOUR ID - 30887 TI - A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems JO - Iranian Economic Review JA - IER LA - en SN - 1026-6542 Y1 - 2003 PY - 2003 VL - 8 IS - 8 SP - 47 EP - 62 DO - 10.22059/ier.2003.30887 N2 - The present paper is an attempt to: 1- Demonstrate how money is created (by the nature of the system), and to estimate the inflation resulting from monetary factors in both usurious and non-usurious systems. Operational aspects of Islamic and non-Islamic banking systems are compared. 2- Introduce a corrective term to be added to the multiplier of the supply of money, in order to prevent the under-estimation of the multiplier into the usurious system. UR - https://ier.ut.ac.ir/article_30887.html L1 - https://ier.ut.ac.ir/article_30887_fe16fcc8c42be07dd18f9366642938a8.pdf ER -