interest The concept of time value Utility theory, risk aversion and risk premium The individual's optimal

-Modigliani Theorem, which is of direct relevance to Islamic banks which are prohibited to charge interest and often

expansion of interest-bearing debt and monetary expansion though the fractional reserve banking system. In

Islamic Finance: Absolute Prohibition against Interest Rates 69 Ethical Foundations of Islamic Finance 76

. Along with an expanded section on the history of the ban on interest, this second edition contains a