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Designing the difference and common funds model of money and interest theories with emphasis on Islamic economics
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Isa Malekpour1   , Jalil Totonchi2 , Mohammad ali Dehghan tafti3 |
1- PhD student, Department of Economic Sciences, Abarkoh Branch, Islamic Azad University, Abarkoh, Iran.
2- Assistant Professor, Department of Economics, Abarkoh Branch, Islamic Azad University, Abarkoh, Iran. , totonchi@iauyazd.ac.ir
3- Assistant Professor, Department of Economics, Abarkoh Branch, Islamic Azad University, Abarkoh, Iran. |
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Abstract: (636 Views) |
In a conventional economy, interest rates play an important role in allocating available cash between borrowers and lenders. Interest rates are also the core of conventional monetary policy tools, such as the discount rate and open market operations. On the other hand, a key feature of the Islamic economy is the absence of payment or receipt of any predetermined (fixed) interest rate, known as usury. In this case, how can the economy work without a conventional institution called interest and how can the central bank effectively control money reserves in the absence of traditional instruments. Instead of a fixed rate, Islamic economy organizes its activities based on the principle of profit and loss sharing. Therefore, according to the importance of the above topic, in the present research, the design of the difference and common funds model of the theories of money and interest with emphasis on Islamic economy has been discussed. This research is a mixed type of research in which two approaches used in behavioral sciences, namely quantitative and qualitative, are used. Also, SPSS and Lisrel statistical software are used for statistical analysis and deriving the hypotheses of this research. This research is a mixed type of research in which two approaches used in behavioral sciences, namely quantitative and qualitative, are used. Also, SPSS and Lisrel statistical software are used for statistical analysis and deriving the hypotheses of this research. The current research will be done in 1400. The statistical community in this research includes experts in the field of economics and Islamic economics, and the sampling method of special or special and available cases has been used. Finally, in this research, the differences and commonalities of the theories of money and interest are presented separately with an emphasis on Islamic economics.
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Article number: 1 |
| Keywords: Funds of difference - Funds of sharing - Theories of money and interest - Islamic economy |
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Full-Text [PDF 766 kb]
(208 Downloads)
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Article type: Research |
Subject:
General
Received: 2024/04/18 | Accepted: 2024/06/26 | Published: 2024/08/31
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malekpour I, totonchi J, dehghan tafti M A. Designing the difference and common funds model of money and interest theories with emphasis on Islamic economics. mieaoi 2024; 13 (48) : 1 URL: http://mieaoi.ir/article-1-1620-en.html
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