International Islamic banking in an interest-based world financial system : a theoretical model

المؤلف

al-Najjar, Ahmad

المصدر

International Economic Relations from Islamic Perspectives

الناشر

البنك الإسلامي للتنمية المعهد الإسلامي للبحوث و التدريب

تاريخ النشر

1992-12-31

دولة النشر

السعودية

عدد الصفحات

10

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الملخص الإنجليزي

In this paper the author has tried to highlight the role of Qurud-Hassanah (benevolent or interest-free loans) and Musharakah as methods of financing development by Islamic Bank.

The paper argued that these modes of financing can be used to expand economic activities, for the purpose of increasing income, employment and output.

The Musharakah financing which establishes a real relationship between the clients and the Bank as partner can be utilized as a potential weapon for development of certain key sectors of the economy as it introduces flexibility in the cost of financing and links the use of funds directly to social and economic priorities.

The author has stressed the need to influence the behavior of the clients of the Bank either as savers or investors through the various method of financing so that socio-economic goals of the Islamic economy can be achieved.

لغة النص

الإنجليزية

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نوع البيانات

فصل كتاب

الملاحظات

Paper Presented at International Economic Relations from Islamic Perspectives, in Tübingen, West Germany from 28 August to 01 September 1988 / 16-20 Muharram 1409H.

رقم السجل

BIM-778243