Khattak, Naeem Ur Rehman Khattak and Hussain, Anwar Hussain (2006): A Review of the Principles of Islamic Banking System for Agriculture Credit. Published in: Sarhad Journal of Agriculture , Vol. 22, No. 2 (2006): pp. 341-345.
Download (50kB) | Preview
An attempt has been made in this paper to highlight the basis and principles of Islamic banks in general and particularly the agriculture banks for agricultural credit. Islamic financial techniques and their nature have been discussed. Murabaha, Mudaraba, Musharaka, Ijara Wa Iktina, Muqarada and Salam were observed the major Islamic financial techniques. The basic rules regarding Islamic finance have been mentioned. It was observed that Islamic banking system believes in assets based transactions. The challenges facing the Muslim ummah regarding Islamic banking were highlighted. It was also concluded that Islamic banking system is more effective in the distribution of income, reducing monopolies and curbing inflation as compared to conventional banking system.
|Item Type:||MPRA Paper|
|Original Title:||A Review of the Principles of Islamic Banking System for Agriculture Credit|
|English Title:||A Review of the Principles of Islamic Banking System for Agriculture Credit.|
|Keywords:||Review; Principles of Islamic Banking System; Agriculture Credit|
|Subjects:||P - Economic Systems > P0 - General
A - General Economics and Teaching > A1 - General Economics > A10 - General
|Depositing User:||ANWAR HUSSAIN|
|Date Deposited:||18. Oct 2012 07:42|
|Last Modified:||19. Feb 2013 04:17|
Al-Arabi, M. A. l966. 'Contemporary banking transactions and Islam's views Thereon', Islamic Review, London, May l966: l0-l6.
Chapra, M.U. 1985. Toward a just monetary system, The Islamic foundation,Leicester.
Khan, M. F. 1983. 'Islamic banking as practiced now in the world' in Ziauddin, Ahmad et al. (eds.).
Mohsin, M. 1982. 'Profile of riba-free banking', in M. Ariff (ed.), above. Naqvi,
S.N.H. 198l. Ethics and economics: An Islamic synthesis, The Islamic foundation, Leicester.
Nienhaus, V.1988. 'The Performance of Islamic banks - Trends and cases', Paper presented to the conference on Islamic law and finance, convened in the Univ. London, 8 April.
Qureshi, A. I. 1946. Islam and the theory of interest, Lahore.
Uzair, M. 1955. An outline of `interestless banking', Raihan Publish. Karachi.