Economy
Mohammad Vaez Barzani
Abstract
After establishing Economic Division, through the Iranian Council of Change of Humanities (ICCH), MA educational plan for economics was applied in 2017. Consequently, it was introduced into relevant Iranian universities for executing from 2018. For improving the plan, a few of texts were ordered to outstanding ...
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After establishing Economic Division, through the Iranian Council of Change of Humanities (ICCH), MA educational plan for economics was applied in 2017. Consequently, it was introduced into relevant Iranian universities for executing from 2018. For improving the plan, a few of texts were ordered to outstanding professors to be prepared. The book Islamic Banking written by Nazarpour, M.N. et al. is among the first books published and used as a textbook, and reviewing this work can help to upgrade future quality for others. This essay examined the function of documents in qualitative, analytically descriptive methods within formal as well as content analysis. The results show that the book is edited proportionately and its formal survey is satisfied. The content analysis reveals that the mentioned book is successful to transfer a legal, logical, and a basic understanding about Islamic Banking toward any typical reader; however, the main weaknesses of the text are the limitations of closed economy as well as micro-static approach used in it.
Economy
S.M.Reza Amiri Tehrani
Abstract
The Art of Islamic Banking and Finance narrates the author’s (Yahia Abdul- Rahman) achievement in constituting an interest-free bank in the U.S.A. As a matter of fact, he explores banking and finance laws and regularities in the U.S as well as the Islamic banking system in the ...
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The Art of Islamic Banking and Finance narrates the author’s (Yahia Abdul- Rahman) achievement in constituting an interest-free bank in the U.S.A. As a matter of fact, he explores banking and finance laws and regularities in the U.S as well as the Islamic banking system in the world. The remarkable difference between these two kinds of banking systems is that the former is based on the monetary market and the latter on the real economy. In the Islamic banking system, the rent expense of a commodity to be financed is measured based on rules known as “commodity indexation” and “marking to market”. Moreover, in such a system, the interest rate of the ordinary banking system is substituted with the rent expense of a commodity. Thus, rent expenses are not fixed like interest rates. The prominent characteristic of an Islamic banking system is not only its interest-free feature but also its civility and social responsibility. The main pitfalls of the book include a lack of comprehensive discussion and a lack of reporting the Islamic banking systems of other Muslim countries. Besides, no thorough analysis of banking system experiences has been done and has not paid attention to the critique of the Iranian banking system.
Economy
Abolghasem Tohidinia
Abstract
The book “An Introduction to the Indexes of Islamic Banking” aims to pave the way for realizing the Islamic banking system through the development of its scientific foundations. Like many other scientific works, this book has both some positive and negative points which are enumerated ...
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The book “An Introduction to the Indexes of Islamic Banking” aims to pave the way for realizing the Islamic banking system through the development of its scientific foundations. Like many other scientific works, this book has both some positive and negative points which are enumerated in this paper. So, in order to highlight its positive points and help to correct the shortcomings, this paper tends to review the book critically using the analytical-descriptive method. The pros of this book are as follows: Addressing the issue of justice in banking and its indexes, critical approach to the process of interest-free in Iran's banking system and the introduction of an Islamic index in this regard, the critique of the banking system from the point of view of being infected with usury, often based on a philosophical approach and considering other Sharia compliant circumstances in Islamic banking (including jeopardy). On the other hand, the most important shortcomings of the book are as follows: weakness in indexing, noncompliance of indicators with Islamic banking theoretical foundations, no discussion on some of the most important religious rules of transactions in Islamic banking, and no thorough discussions.
