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A Question Of Interest: The Paralysis Of Saudi Banking

Peter Niklas Wilson




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 | #11570598 in Books |  1991-04-15 | Original language:English | PDF # 1 | File type: PDF | 296 pages

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In Saudi Arabia today a classic confrontation between Islamic fundamentalism and modernism has brought the Saudi banking system virtually to a state of paralysis. The debate is between those upholding the traditional Islamic prohibition against charging interest on loans and those who wish to see a modern banking system capable of generating credit to support economic development. Drawing on personal experience, interviews, and unpublished primary sources, Peter Wilson t...

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