- Kodu: 6363
- Eserin Orjinal İsmi: Elimination of interest from the economy
- Türü: Rapor
- Alan: Finans
- Konu(lar): Eliminasyon, Ekonomi
- Dili: İngilizce
- Yayın Yılı: 1982
- Kitap Ismi: Money and Banking in Islam
- Yayın Yeri: Jeddah
- Yayınevi: International Centre for Research in Islamic Economics, King Abdulaziz University and Institute of Policy Studies, Islamabad
- Sayfa Aralığı: 103-200
- Keywords: Elimination, Economy
- Anahtar Kelimeler: Eliminasyon, Ekonomi
- Açıklama: This Report, besides ‘Introduction’ consists of five sections with a Summary of Conclusions and Recommendations at end. In the introductory section the Report discusses the nature and the rationale of the prohibition of riba in Islam. The Section-I entitled “Issues, Problems and Strategy” deals exhaustively with practical considerations in applying the profit/loss-sharing system, other possible devices for replacing interest and safeguards for the success of the new system. The Section-II discusses in detail the mechanisms for the elimination of interest from the operations of the commercial banks. It provides detailed guidelines for re-orientating the financing operations of the commercial banks in respect of assistance to be provided to industry, agriculture, commerce, construction, transport and other sectors so as to eliminate interest. In respect of bank deposits, the Council has recommended an alternative system under which, after a transitional period, savings and time deposits will cease to earn a fixed return but would instead get a variable return. The Section-III deals with ways and means of eliminating interest from the operations of specialised financial institutions. The Section-IV deals with Central Banking and Monetary Policy in interest-free economy. For influencing the allocation of productive resources in the interest- free system, the Report recommends that the State Bank be empowered to fix and vary its profit-sharing ratios in respect of its own financial assistance to banks and other financial institutions in respect of its own financial assistance to banks and other financial institutions in respect of finance provided by them. The final Section of the Report deals with the elimination of interest from Government transactions.
- Bilgilerin Alındığı Kaynak: Bibliografya Kaydı
Rapor
Elimination of interest from the economy
Yazarlar : Report of the Pakistan Council of Islamic ideology
Editörler : Z. Ahmad
Detaylar
| Kodu | 6363 |
| Eserin Orjinal İsmi | Elimination of interest from the economy |
| Türü | Rapor |
| Alan | Finans |
| Konu(lar) | Eliminasyon, Ekonomi |
| Dili | İngilizce |
| Yayın Yılı | 1982 |
| Kitap Ismi | Money and Banking in Islam |
| Yayın Yeri | Jeddah |
| Yayınevi | International Centre for Research in Islamic Economics, King Abdulaziz University and Institute of Policy Studies, Islamabad |
| Sayfa Aralığı | 103-200 |
| Keywords | Elimination, Economy |
| Anahtar Kelimeler | Eliminasyon, Ekonomi |
| Açıklama | This Report, besides ‘Introduction’ consists of five sections with a Summary of Conclusions and Recommendations at end. In the introductory section the Report discusses the nature and the rationale of the prohibition of riba in Islam. The Section-I entitled “Issues, Problems and Strategy” deals exhaustively with practical considerations in applying the profit/loss-sharing system, other possible devices for replacing interest and safeguards for the success of the new system. The Section-II discusses in detail the mechanisms for the elimination of interest from the operations of the commercial banks. It provides detailed guidelines for re-orientating the financing operations of the commercial banks in respect of assistance to be provided to industry, agriculture, commerce, construction, transport and other sectors so as to eliminate interest. In respect of bank deposits, the Council has recommended an alternative system under which, after a transitional period, savings and time deposits will cease to earn a fixed return but would instead get a variable return. The Section-III deals with ways and means of eliminating interest from the operations of specialised financial institutions. The Section-IV deals with Central Banking and Monetary Policy in interest-free economy. For influencing the allocation of productive resources in the interest- free system, the Report recommends that the State Bank be empowered to fix and vary its profit-sharing ratios in respect of its own financial assistance to banks and other financial institutions in respect of its own financial assistance to banks and other financial institutions in respect of finance provided by them. The final Section of the Report deals with the elimination of interest from Government transactions. |
| Bilgilerin Alındığı Kaynak | Bibliografya Kaydı |