Profit and loss distribution and pooi management framework for IBIs in Pakistan : progress, issues and implications
المؤلفون المشاركون
Ayyub, Muhammad Sadiq
Ibrahim, Shahul Hamid Bin Muhammad
المصدر
Journal of Islamic Business and Management
العدد
المجلد 3، العدد 1 (30 يونيو/حزيران 2013)، ص ص. 51-70، 20ص.
الناشر
Riphah International University Riphah Centre of Islamic Business
تاريخ النشر
2013-06-30
دولة النشر
باكستان
عدد الصفحات
20
التخصصات الرئيسية
الاقتصاد و التجارة
العلوم المالية و المحاسبية
الدراسات الإسلامية
الموضوعات
- المصارف
- الاقتصاد الإسلامي
- الإسلام
- التمويل
- الباكستان
- بيع المرابحة
- الجوانب الدينية
- الودائع المصرفية
- المصارف الإسلامية
- توزيع الأرباح
- البنك المركزي
الملخص EN
Pakistan is among the three countries that opted for economy-wide transformation to Islamic financial system in 1980s, the other two being Iran and Sudan.
But the ‘non-interest based’ banking system introduced in mid-eighties was declared un-Islamic by the ‘Federal Shariat Court’ because the same was largely based on ‘buy-back’ (bai‘al-‘Inah) and sale of debt instruments (bai‘ al-dayn).
In the new system introduced since December 2002, Islamic banking institutions (IBIs) operating in parallel with the conventional banks are using mudarabah as the major mode to raise investment deposits from individuals as also the corporate sector.
But based on the assumption that depositors’ risk tolerance level is close to zero, they have been giving profit to the investment depositors comparable with their conventional counterparts by way of discretionary hibah without proper disclosure.
The rules of mudàrabah were not being followed in letter and spirit.
The main issue was to give arbitrary gifts to priority depositors.
The State Bank of Pakistan recently issued a comprehensive profit distribution and pool management framework in order to improve transparency and bring standardization in the IBIs’ practices while taking care for stability of the system.
This paper analyses the new framework and finds that the SBP has taken a step in right direction to replace the indiscriminate use of hibah with a well thought-out profit distribution and allocation procedure along with provisions for specific reserves necessary for sustainability of the system.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Ayyub, Muhammad Sadiq& Ibrahim, Shahul Hamid Bin Muhammad. 2013. Profit and loss distribution and pooi management framework for IBIs in Pakistan : progress, issues and implications. Journal of Islamic Business and Management،Vol. 3, no. 1, pp.51-70.
https://search.emarefa.net/detail/BIM-601454
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Ayyub, Muhammad Sadiq& Ibrahim, Shahul Hamid Bin Muhammad. Profit and loss distribution and pooi management framework for IBIs in Pakistan : progress, issues and implications. Journal of Islamic Business and Management Vol. 3, no. 1 (Jun. 2013), pp.51-70.
https://search.emarefa.net/detail/BIM-601454
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Ayyub, Muhammad Sadiq& Ibrahim, Shahul Hamid Bin Muhammad. Profit and loss distribution and pooi management framework for IBIs in Pakistan : progress, issues and implications. Journal of Islamic Business and Management. 2013. Vol. 3, no. 1, pp.51-70.
https://search.emarefa.net/detail/BIM-601454
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 69-70
رقم السجل
BIM-601454
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر