Document Details

Document Type : Article In Journal 
Document Title :
The Nature of an Islamic Bank
ماهية المصرف الإسلامي
 
Subject : Discussion Forum 
Document Language : Arabic 
Abstract : Conventional banks deal in money and credit not in commodities. They trade in debt and cash. The business of banking is a special kind of business, and banks did not come up only after interest was legitimized. If Islamic banks want to trade in commodities and deferred sales, it will take them outside the scope of banking. They would no longer remain banks in the technical sense. If Islamic banks continue practicing murabaha, leasing and other financing techniques with fines imposed on delay in payment, they will be tending towards the conventional model of banking. Banking in the technical sense is a child of interest and it is difficult to islamise it. Those who ignore this reality may gain time but they will face the hard truth, in due course. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 10 
Issue Number : 1 
Publishing Year : 1418 AH
1998 AD 
Number Of Pages : 6 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
رفيق يونس المصري RAFIC Yunus AL-MASRIResearcher  

Files

File NameTypeDescription
 21052.pdf pdf 

Back To Researches Page