Economic Contributions Of Interest-Free Finance Models

The current economic model carries as many problems as successes. For this reason, attempts have been made to develop alternative economic theories. Islamic economics is sustainable in this respect and suggests a strong model. In this study, the solutions Islamic economics proposes for the some economic problems like high inflation and interest-based disparities have been revealed through the model’s Islamic financial applications which are partially reflected in contemporary practice. The studies conducted in this field are insufficient. At the same time, by revealing the true spirit of the interest-free financial system, suggestions have also been included for solving problems arising from current interest-free financial practices. Through these aspects, the study fills the gap in the literature. Thus, improving practices and developing models is important both for theorists and professionals