Identifying and Evaluating the Jurisprudential-Economic Challenges of Concession Deposits within the Framework of the Interest-Free Banking System of the Islamic Republic of Iran

عدم نمايش در فروشگاه: 
نمايش در فروشگاه

Hossein Hassanzadeh / Assistant Professor, Department of Financial Management, Imam Sadegh (AS) University         h.hasanzadeh@isu.ac.ir

Mohammad Hossein Ghavam / Assistant Professor, Department of Financial Management, Imam Sadegh (AS) University                                                                                                                                       ghavam@isu.ac.ir

@ Reza Karimi Vardanjani / M.Sc. Student of Financial Management, Imam Sadegh (AS) University

                                                                                                                                  reza.karimi@isu.ac.ir

Seyed Mehdi Hashemifar / MSc Student in Financial Management, Imam Sadegh (AS) University

Received: 2020/03/11 - Accepted: 2020/09/06                                                  sm.hashemifar@isu.ac.ir

 

Abstract

One of the types of Qarq Al-Hassan models that are implemented in the country's banking system  and abroad is the concession deposit. This type of Qard Al-Hassan deposit has other names such as rotating deposit, cascading deposits, cooperative deposit that is a new generation (second generation) it. This study seeks to find the answer to the question whether the various operational models of this deposit (loan-based and advocacy-based models) are consistent with Imami jurisprudence, Sharia principles and economic rules? This study seeks to find the answer to the question of whether the various operational models of this deposit (loan-based and advocacy-based models) are consistent with Imami jurisprudence, Sharia principles, and economic rules? Using  a descriptive method and jurisprudential-economic analysis, the paper tries to use the views of the professors of transactional jurisprudence, through the referendum of the supreme imitation authorities,  to increase the degree of jurisprudential perfection of the present study. The results show that the type of banking system performance in the concessional deposit has problems such as usury in the loan model, lack of fairness in allocating Qard Al-Hassan resources, lack of acceptance of the advocacy model by banks, weakening of the first type of Qard Al-Hassan loan, misunderstanding customers and increasing the likelihood of Panzi's occurrence. The effects of this deposit on banks, the banking system, and the macroeconomic environment have been studied in separate topics. Finally, it seems better for the banking system not to use the concession deposit method to attract and allocate goodly loan resources.

Key words: Qarq Al-Hassan, Concession Deposits, Banking Network, Usury, Conditional Loan.

JEL: G21, G32, E58.

 

سال انتشار: 
1399
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22
شماره صفحه: 
127