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Document Details
Document Type
:
Article In Journal
Document Title
:
Questions and Answers on the Nature of Islamic Banking
أسئلة وإجابات حول ماهية المصرف الإسلامي
Subject
:
Discussion Forum
Document Language
:
Arabic
Abstract
:
Islamic researchers still pose several questions about the nature of an Islamic bank. Is it a merchant competing in the market and rivaling other merchants? Or is it rather a financial intermediary collecting savings for various purposes in order to invest them through the provision of funds and goods (on deferred payment) to various economic activities? Trade clearly is different in that it is essentially buying and selling of goods, whereas financial intermediation is a systematic readiness to finance those who buy or sell. Intermediation also involves buying on the order of those who promise to buy later. The distinguishing characteristic of an Islamic bank is that it shuns lending on interest (which process favors the credit-worthy who can secure their loans) and resorts instead to various modes of financing as suits various economic activities.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
10
Issue Number
:
1
Publishing Year
:
1418 AH
1998 AD
Number Of Pages
:
5
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
سامي حسن حمود
SAMI H. HOMOUD
Researcher
Files
File Name
Type
Description
21054.pdf
pdf
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