Document Details

Document Type : Article In Journal 
Document Title :
Islamic Banks: Concept Precept and Prospect
المصاريف الإسلامية : المبدأ والتصور والمستقبل
 
Subject : Discussion Forum 
Document Language : Arabic 
Abstract : 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. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 10 
Issue Number : 1 
Publishing Year : 1418 AH
1998 AD 
Number Of Pages : 16 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
محمد نجاة الله صديقي MUHAMMAD NEJATULLAH SIDDIQIResearcher  

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