Main Page
Welcome
About the Center
About The SPC
Mission and Vision
Organizational Structure
Spc Directors
Facts and Figures
Services
ِActivities
Exhibitions
Print Exhibition
Books Exhibition
Visits
Training
Workshops
Courses
Seminars
Conventions
Celebrations
Research
Favorite Links
Contact Us
PhotoAlbum
Contact Us
Researches
عربي
English
About
Admission
Academic
Research and Innovations
University Life
E-Services
Search
Scientific Publishing Center
Document Details
Document Type
:
Article In Journal
Document Title
:
The Islamic Bank : Merchant or Intermediary?
البنك الإسلامي : أتاجر هو أم وسيط مالي
Subject
:
Discussion Forum
Document Language
:
Arabic
Abstract
:
The paper shows that the motive for the above question is that prevailing laws differentiate between obligations of two types of institutions: mercantile institutions and those of financial intermediation. Certain activities may be permissible for the former institutions and not the latter. But from a Shariah stand point, no such differentiation is entertained. What is permissible or not is equally applicable to all economic entities, hence such a question is irrelevant.. The economic justification for differentiating mercantile from financial intermediary institutions is that the latter need to match the risks of their assets and liabilities. The paper finds this matching much less urgent in an Islamic bank model which is based on the principle of al-mudareb-yudareb (manager/recipient of funds on profit-sharing basis, assigns the funds to another on the same basis). The paper also shows that early Muslims have known financial intermediation through the madarabah contract.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
10
Issue Number
:
1
Publishing Year
:
1418 AH
1998 AD
Number Of Pages
:
7
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
محمد علي القري
MOHAMMED ALI ELGARI
Researcher
Files
File Name
Type
Description
21053.pdf
pdf
Back To Researches Page