Shaikh Mahmud Ahmed
Shaikh Mahmud Ahmad has dared to come to grips with the most difficult problem in Islamic economics viz., how to evolve a banking structure which despite eschewing interest both in the matter of deposits and advances might yet be feasible, workable and profitable. He has also spelled out the modalities of shift over to the new banking system. In the process of presenting what appears to be an eminently workable banking model, he sheds new light on the resolution of some of the apparently insoluble riddles of free enterprise economy like unemployment. Inflation and fiscal deficit. As such it is likely to kindle wide interest.