[Home ] [Archive]   [ فارسی ]  
:: About :: Main :: Current Issue :: Archive :: Search :: Submit :: Contact ::
:: Volume 10, Issue 36 (12-2021) ::
mieaoi 2021, 10(36): 203-226 Back to browse issues page
Privilege Sukuk As A Tool For Endogenous And Equilibrium Profit Rates
Seyed Hadi Arabi 1, Mahdi Khoshakhlagh2
1- Associate Professor, Faculty of Economics, Qom University (Corresponding Author) , hadiarabi@gmail.com
2- PhD student in Economics, Qom University
Abstract:   (1022 Views)
Endogenous or exogenous money and interest rates are important issues in economic schools and its determination in the Islamic economic system is a key point for other economic issues. In some countries, regulatory and non-market setting of interest rates is one of the problems that leads to financial repression. In an Islamic economy, the profit rate is endogenous and non-market determination is contrary to jurisprudence and Sharia law. However, profit rate liberalization requires conditions that are not currently available in the Iranian banking system. This article tries to show that the expansion of Privilege Sukuk to different sectors, which are used in a limited way in the Iranian banking system, and the formation of a market for it can create the ground for the discovery and application of equilibrium profit rate in the banking system. Describing and jurisprudential examination of Privilege Sukuk shows that these sukuk are an efficient as well as legitimate Islamic financial instrument.
As a result, in addition to establishing an endogenous equilibrium profit rate, the expansion of Privilege Sukuk leads to the elimination or reduction of bank corruption, limitation of bankchr('39')s power on profit rates, facilitates the supervision and control of the central bank and to response automatically to economic conditions.
Article number: 8
Keywords: Privilege Sukuk, Banking Profit Rate, Equilibrium Profit Rate, Islamic Banking
Full-Text [PDF 688 kb]   (88 Downloads)    
Article type: Research | Subject: Special
Received: 2021/04/1 | Accepted: 2021/09/4 | Published: 2021/12/1
Send email to the article author

Add your comments about this article
Your username or Email:


XML   Persian Abstract   Print

Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Arabi S H, khoshakhlagh M. Privilege Sukuk As A Tool For Endogenous And Equilibrium Profit Rates. mieaoi. 2021; 10 (36) :203-226
URL: http://mieaoi.ir/article-1-1049-en.html

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 10, Issue 36 (12-2021) Back to browse issues page
نشریه اقتصاد و بانکداری اسلامی Islamic Economics & Banking
Persian site map - English site map - Created in 0.04 seconds with 30 queries by YEKTAWEB 4410