Document Type : Research

Authors

• Mohammadreza Mehrabanpour ¹
• Seyed Abbas Musavian ²
• Mohammad Rasoul Heshmati ³

¹ Assistant Professor of Accounting, University of Tehran

² Professor of Islamic Economics, Islamic Culture and Thinking Research Institute, Qom

³ Assistant Professor of Finance Management, Eqbal Lahoori Institute of Higher Education, Mashhad

Abstract

After the Islamic revolution, one of the most important actions that was implemented in the country was removing usury from the banking system according to Sadr theory. This theory was the base of writing usury-free banking law in 1982. But, after passing about four decades of Islamic revolution, the performance of banking system was criticized by economic experts. In this paper with review-analysis method, we survey on Usury-free banking law and then with qualitative content analysis method and using semi-structured interview,118 meaning units, 25 concepts, and 8 categories named structure criticism about performance of usury-free banking were extracted. Ultimately, some suggestions to improve the performance of usury-free banking system have been offered.

Keywords

• Criticism
• Sadr
• Usury-Free Banking
• Qualitative Content Analysis  

Main Subjects

• Economy