The composition of interest: the Judaic prohibition
(2006)
Journal Article
Lister, R. (2006). The composition of interest: the Judaic prohibition. Accounting, business and financial history (Online), 16(1), 121-127. https://doi.org/10.1080/09585200500505623
An interest charge is made up of an award for waiting known as the real rate of interest, a premium for risk and compensation for transaction costs. Where inflation exists the lender seeks further compensation. In order to understand the composition... Read More about The composition of interest: the Judaic prohibition.