الحلول الشرعية للائتمان النوعي لدى المصارف الإسلامية

Abstract EN

The alternative innovation of the traditional financial engineering tools is an urgent need for the rapid and sustainable development, especially in this period of massive radical changes.

These changes represent in the shift of managing economic resources method to the free economic pattern, in addition to the interconnection of international financial markets due to globalization.

This imposes severe competitive pressures; it may be inappropriate or equivalent to Islamic financial institutions, such as finance markets, banking services, and investment opportunities.

This development calls for the establishment of Islamic financial products that keep pace with the phase, and a careful legal vision based on an assessment of interests and vices according to purposeful jurisprudence characterized by looking forward at dimensions, outcomes, economic efficiency, and examining how to develop what is available, or modify it according to the variables, patching what accepts patchwork, and striving to come up with an integrated system of methods and tools.

These tools enable the Islamic banking system to confront these accumulated problems and their implications to fit the current conditions because leaving it at this pace threatens its being.

The innovation of credit instruments aims to generate investment tools, purposeful projects, and innovative financial securities that are efficient and economically effective, taking into account the gradual transition from traditional to Islamic banking and the consequences of that, as well as reducing risks or excluding them completely.

This will give great importance to scientific research that keeps pace with transformation and development in order to get rid of usurious transactions, and to find alternatives that are compatible with Sharia; In terms of origin, continuity and completion.

The problem of the research is the arbitrariness of the Central Bank in imposing control and restrictions contrary to Sharia that do not match the methodology of Islamic banks, with the limited innovative financial tools, their failure to activate them in practice, the challenges of ensuring liquidity, and protecting it from risks with prosthetic solutions that violate Sharia.

What are the legitimate alternatives and effective innovative tools that guarantee economic development? What are the solutions that keep pace with developments without violating the Sharia aspect?