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Scientific Publishing Center
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 Type
Dr Grade
Email
رفيق يونس المصري
RAFIC Yunus AL-MASRI
Researcher
Files
File Name
Type
Description
21052.pdf
pdf
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