06-14-2010, 04:07 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by peaceandlove</i>
<br />i am currently doing a research/study on "interest based economy verses interest free economy" , so i want some link/resources about that topic . i am particular looking for a study to show how Islamic economy models works best.
Can you please suggest some links for that.
Thanks
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
[8D]
Interest based eonomy-
lets take out our country's example''
Banking system accumulates the money from people/individuals/country-
then bank forward these accumulations with interest as a loan to manufacturing/mostly MNCs/business units,-
MNCs/business units, runs its business by combining factors of production and perform an economic activity/earn sale proceeds or profit-
during this the business unit put this loan and interest in the cost of product which have ultimately paid by end consumer(as 80%greeb awam)-
thus business unit extracts the loan+interest from consumers and remit back to banking sector- interest is the major part of banking income which is ultimately paid by consumers-
---''''summarizng=banking+MNCs/business units use the accumulations of consumer for production and also extracts the interest amount from consumers/awam and awam ko pta bi ni chalta ka unka sarmya bi as a capital use krtay hain aur un say interest bi product-price ma la latain hain''
what a mechanized exploitation process!
But que for charterd accountants/professio[)][)][D][D][8D]nals z that how this -ve aspect could be removed n only benefitial aspects of business units/banking should allow to operate in the human friendly economy???[)][D]
effects on economy-
Increase in price level
Decrease in income level
Decrease in purchasing power
Recession becuz consumer market must effect the production sector
as decrease in income level consumption of production would fall=
ultimately loss to awam/consumers and business community
evdence=current recession in pak,all world..
but look the chinese economy..??wake up professionals
<br />i am currently doing a research/study on "interest based economy verses interest free economy" , so i want some link/resources about that topic . i am particular looking for a study to show how Islamic economy models works best.
Can you please suggest some links for that.
Thanks
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
[8D]
Interest based eonomy-
lets take out our country's example''
Banking system accumulates the money from people/individuals/country-
then bank forward these accumulations with interest as a loan to manufacturing/mostly MNCs/business units,-
MNCs/business units, runs its business by combining factors of production and perform an economic activity/earn sale proceeds or profit-
during this the business unit put this loan and interest in the cost of product which have ultimately paid by end consumer(as 80%greeb awam)-
thus business unit extracts the loan+interest from consumers and remit back to banking sector- interest is the major part of banking income which is ultimately paid by consumers-
---''''summarizng=banking+MNCs/business units use the accumulations of consumer for production and also extracts the interest amount from consumers/awam and awam ko pta bi ni chalta ka unka sarmya bi as a capital use krtay hain aur un say interest bi product-price ma la latain hain''
what a mechanized exploitation process!
But que for charterd accountants/professio[)][)][D][D][8D]nals z that how this -ve aspect could be removed n only benefitial aspects of business units/banking should allow to operate in the human friendly economy???[)][D]
effects on economy-
Increase in price level
Decrease in income level
Decrease in purchasing power
Recession becuz consumer market must effect the production sector
as decrease in income level consumption of production would fall=
ultimately loss to awam/consumers and business community
evdence=current recession in pak,all world..
but look the chinese economy..??wake up professionals