publication . Article . 2018

Introduction to an Alternative Paradigm for the Induced Paradigm in Islamic Banking

Mohammad Talebi;
Open Access Persian
  • Published: 01 Oct 2018 Journal: تحقیقات مالی اسلامی (پیوسته), volume 8, issue 1, pages 91-116 (issn: 2251-8290, eissn: 2588-6584, Copyright policy)
  • Publisher: Imam Sadiq University
Abstract
Thirty years after establishing the Islamic Republic of Iran’s usury – free banking system, there are many ambiguities about its success. After investigating sharia-related issues of usury-free banking system based on nominate contracts, it was observed that: banking structures and mechanisms do not have the capabilities to execute the contracts; actions taken by the designers, policy makers and executives of this system to confront the mentioned challenges may be categorized into two groups: First, the continuation of the banking system based on nominate contracts and correction of the current situation; second, moving towards a different paradigm. This article...
Subjects
free text keywords: usury-free banking, islamic banking, nominate contracts (jurisprudence), lcsh:Islamic law, lcsh:KBP1-4860, lcsh:Finance, lcsh:HG1-9999
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