05-25-2006, 04:44 AM
Zikria,
The question of interest free economic system is not as simple as you think its is (this includes insurance and acturial science as well)there are a lot of factors do you need to consider which includes time value of money and inflationary indices. Refer the thread below which discuss some possibilities and reference to some sources as well
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=639&whichpage=3
The question of interest free economic system is not as simple as you think its is (this includes insurance and acturial science as well)there are a lot of factors do you need to consider which includes time value of money and inflationary indices. Refer the thread below which discuss some possibilities and reference to some sources as well
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=639&whichpage=3