01748cas a2200241 a 4500 AALejournalIMF007489 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847482 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. The Design of Instruments for Government Finance in an Islamic Economy. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents perhaps the most viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of return are forbidden. Resources to finance government infrastructural and development projects can be mobilized by issuing a national participation paper and this instrument can also serve as an instrument of monetary management. The paper discusses various conceptional issues underpinning the introduction of such an instrument and methods of calculating a corresponding rate of return. In principle, this approach has been accepted by the Islamic Republic of Iran. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/054 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/054/001.1998.issue-054-en.xml IMF e-Library