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The use of assets ijara bonds for bridging the budget gap
Author
Source
Issue
Vol. 4, Issue 2 (31 Dec. 1997), pp.75-92, 18 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
1997-12-31
Country of Publication
Saudi Arabia
No. of Pages
18
Main Subjects
Abstract EN
A shari‘ah compatible fixed-return financial instrument is needed in an Islamic economy.
This paper explores the potential of ijara (renting)-based financial instruments to meet this need.
The paper proposes ijara-bonds as marketable Islamic financial instruments for resource mobilization in the public sector as well as an instrument for monetary policy.
Private companies can equally use the ijarabonds for resource mobilization.
This paper aims at presenting the idea of assets ijara bonds (AIBs)1 and how such bonds can be used by governments as an alternative means of borrowing funds from the public.
The paper consists of four sections.
Section one deals with the assumptions under which the AIBs shall be discussed.
Section two will analyze the ijara contract and discuss the shari‘ah foundation of the AIBs.
The third section defines AIBs and studies their different forms.
Finally, section four will discuss the characteristics and economics of AIBs and compare them with other securities.
American Psychological Association (APA)
Qahf, Mundhir. 1997. The use of assets ijara bonds for bridging the budget gap. Islamic Economic Studies،Vol. 4, no. 2, pp.75-92.
https://search.emarefa.net/detail/BIM-207460
Modern Language Association (MLA)
Qahf, Mundhir. The use of assets ijara bonds for bridging the budget gap. Islamic Economic Studies Vol. 4, no. 2 (Dec. 1997), pp.75-92.
https://search.emarefa.net/detail/BIM-207460
American Medical Association (AMA)
Qahf, Mundhir. The use of assets ijara bonds for bridging the budget gap. Islamic Economic Studies. 1997. Vol. 4, no. 2, pp.75-92.
https://search.emarefa.net/detail/BIM-207460
Data Type
Journal Articles
Language
English
Notes
Includes margin notes.
Record ID
BIM-207460