Debts in the economy, reserve requirements and credit creation : IBs and credit creation

السؤال

Assalaamo Alaykum, I hope my email finds you in best of health and happiness. Islamic Banking has played an important role bringing the Islamic Financial and Economic system's (IFES) discussion to forefront and as a result along with other factors, IFES is being discussed at the global level. At the same time, numerous reservations on IB have been raised as well. But I believe one objection against IB is not only valid but vital, I. e., credit creation. IBs are contributing in the credit creation just like non-Islamic banks process and we all know the consequences of credit creation by now. What solution can IB provide as an alternative to stop credit creation process ? What need to be done to eliminate the existing false credit ? I would appreciate your early response. Was Salaam, Raza

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2011-08-31

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• الأوراق المالية المشتقة
• نظام الحكم في الإسلام
• التمويل
• الائتمان
• الخدمات المصرفية

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-730797

• APA
• MLA
• AMA