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Scientific Publishing Center
Document Details
Document Type
:
Article In Journal
Document Title
:
Financial Intermediation in an Islamic Economy
الوساطة المالية في الاقتصاد الإسلامي
Subject
:
Discussion Forum
Document Language
:
Arabic
Abstract
:
This paper examines the nature of bank financial intermediation in an Islamic economy. It concludes that for such intermediation to be optimal, is should be based on bank's agency relationship (e.g. wakalah, mudarabah, musharakab) with both sides: savers (surplus units) and businessmen (deficit units). In theory, such model of banking achieves an optimal level of efficiency and profitability. In comparison, traditional model of banking (based on debt on both sides) is more vulnerable to disturbances, and attains a lower level of profitability. The common model of existing Islamic banks (based on murabaha on the asset side) on the other hand, is less efficient than the proposed model. The paper also compares Islamic intermediation with the ordinary trading, and outlines the differences between them.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
10
Issue Number
:
1
Publishing Year
:
1418 AH
1998 AD
Number Of Pages
:
26
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
سامي إبراهيم السويلم
SAMI IBRAHIM AL-SWAILIM
Researcher
Files
File Name
Type
Description
21056.pdf
pdf
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