المصارف الإسلامية : المبدأ و التصور و المستقبل

Abstract EN

The paper emphasizes the role of Islamic banks as financial intermediaries and the importance of financial intermediation for society.

It argues that Islamic banks’ entering directly into trade, industry and agriculture, etc.

is not beneficial because it means leaving the role of financial intermediation for others.

The paper discusses the non-pure forms of financial intermediation (which are currently practiced through traditional Islamic contracts like sale on deferred payment, salam, istisna` and leasing).

It regards these to be useful for Islamic banks provided they are adapted on the pattern of two-tier mudaraba, without the banks courting directly the risks involved in trade or industry.

The paper finds that preserving financial intermediation is in the public interest.

Public interest also calls for greater cooperation between Islamic banks and improvements in accounting practices.