Islam and Sharia Law

 

 Islam and Sharia Law

Islam in the field of muamalah, or transactions, prohibit sell a certain quantity of any goods or services to present a different (perhaps larger) the quantity of the same kind or / and services delivered in the future.  
This is understood to apply money as well as all other goods and services. 
 As a result, the amount of money currently can not be exchanged for a larger amount of money in the future. 
In addition, there are other rules of transactions that must be applied to ensure the fairness of dealing with both the contractor concerned. Especially al-Ghabn and al-gharar.
in Islamic economy and bank financing, Islam prohibits the purchase or transaction that it contains usury, ghoror, gambling, alcoholic and unclean, in this case does not mean to offend non-Islamic, but this principle and order in accordance Islam al quran and hadith

or you can read more in  
sharia
sharia law 
islamic sharia 
reference

Calomiris, Charles W. (2000), "Universal Banking and the Financing of Industrial Development" in Gerard Caprio, Jr. and Dimitri Vittas, Eds, Reforming Finance: Some Lessons from History.

Cole, Harold L. and Narayana Kocherlakota (1998), "Zero Nominal Interest Rates: Why they're good and how to get them", Federal Reserve Bank of Minneapolis Quarterly Review, 22 (Spring 1998): 2-10.

 Correia, Isabel and Pedro Teles (1997), The Optimal Inflation Tax, Discussion Paper 123, Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota, August.

 Da Rin, Marco and Thomas Hellmann (2001), "Banks as Catalysts for Industrialization", William Davidson Working Paper Number 443 October.