jurisprudential explanation of free-interest banking (iranian and jordanian models)

the jurisprudential foundation of the interest-free banking operations act

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A Jurisprudential Analysis on Provisional Profit Assurance of Investment Deposits in Interest-free Banking

The term investment deposits are one of the important modes of mobilization of resources in the Iranian banking system that are eligible for a certain provisional profit. According to the bank’s agency in this term of deposits, the appliance of Provisional Profit and its periodic payment to depositors before calculating of actual profit at the end of the fiscal year, are for incentives of custo...

Central Banking in an Interest-Free Banking System

There is a vast literature on regulatory, monetary and institutional aspects of traditional banking system. This is not true for the interest-free Islamic banking framework. In this paper, the functions and tools of central banking in an Islamic framework are evaluated, and suggestions for adapting and revising the currently used tools of central banking for the Islamic central banking are made...

Making Interest-free Banking System More Efficient with Regards to Interest Rate

study on muzarebah and its applicability on interest-free banking

does muzarebah include all commercial activity orincludes only sale? in jurist opinion muzarebah is validonly under two conditions: 1. being with money or in cashand 2. commercial activity for interest should be sale. it isvague about meaning of commercial activity. inaccordance with the aim of muzarebah legislation andgeneral provision it seems we can extend the subject ofmuzarebah to all lega...

Performance of Monetary Policy Under the Interest Free Banking Law in Iran, (1972-2010)

The conventional wisdom in economic theory prescribes that the major role of the Central Bank is to design and conduct active monetary policy aiming at curbing inflation and achieving the price stability. After half a century of endeavors in attaining this target, Central Bank of the Islamic Republic of Iran has gone through tumultuous periods gaining mixed results in its efforts. The asse...