EXAMINING THE DETERMINANTS OF NET INCOME IN RIBA-FREE BANKING WITH AN EMPHASIS ON DIFFERENCES BETWEEN REALIZED AND ON ACCOUNT PROFITS (CASE STUDY: IRAN'S RIBA-FREE BANKING SYSTEM)

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

GHAEMI ASL MAHDI; MATIN SHAHAB; BAFANDEH IMANDOUST SADEGH; MOUSAVI BARRODI SAYYED MAHDI

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF ISLAMIC ECONOMIC STUDIES Year:2016 | Volume:8 | Issue:2 (16) Page(s): 105-136

Download Full-Text

Persian Verion

View:

1,043

Download:

Cites:

Information Journal Paper

Title

EXAMINING THE DETERMINANTS OF NET INCOME IN RIBA-FREE BANKING WITH AN EMPHASIS ON DIFFERENCES BETWEEN REALIZED AND ON ACCOUNT PROFITS (CASE STUDY: IRAN'S RIBA-FREE BANKING SYSTEM)

Author(s)

GHAEMI ASL MAHDI | MATIN SHAHAB | BAFANDEH IMANDOUST SADEGH | MOUSAVI BARRODI SAYYED MAHDI | Issue Writer Certificate

Keywords

NET PROFIT OF THE BANKQ1

RIBAQ2

FREE BANKINGQ2

THE DIFFERENCE BETWEEN THE REALIZED AND ON ACCOUNT PROFITSQ1

Abstract

According to the Riba-Free Banking Act, banks are authorized to use the entrusted deposits in profitable plans on behalf of the depositors, and at the end of the financial year, to divide the profits among the mselves and the depositors after deducting related fees and charges. The most important feature of Riba-Free Banking is the manipulation and allocation of resources, the introduction of partnership and exchange contracts and removal of interest from the banking system to replace it with on account profit with varying efficiency. In this study, to evaluate the effect of Riba-Free Banking law on the banking system profit making, factors affecting the bank's net profit for the period 1386-1392 (A.H.S) are examined. The results show that with an increase on only one percent of the difference between on account and final dividends, banks' net profits rise by 0.11%, which is a significant figure. In other words, if banks perform according to this very important Riba- FREE BANKING principle, not only will they not lose but make more net profit. In addition, a more law-abiding and efficient performance in granting the actual on account profits and calculating them more definitively at the end of the period can greatly encourage the attraction of more banking resources and eliminate any doubts related to the contracts with varying yields verging on usury.

Cites

No record.

References

No record.

Cite

APA: Copy

GHAEMI ASL, MAHDI, MATIN, SHAHAB, BAFANDEH IMANDOUST, SADEGH, & MOUSAVI BARRODI, SAYYED MAHDI. (2016). EXAMINING THE DETERMINANTS OF NET INCOME IN RIBA-FREE BANKING WITH AN EMPHASIS ON DIFFERENCES BETWEEN REALIZED AND ON ACCOUNT PROFITS (CASE STUDY: IRAN'S RIBA-FREE BANKING SYSTEM). JOURNAL OF ISLAMIC ECONOMIC STUDIES, 8(2 (16) ), 105-136. SID. https://sid.ir/paper/220808/en

Vancouver: Copy

GHAEMI ASL MAHDI, MATIN SHAHAB, BAFANDEH IMANDOUST SADEGH, MOUSAVI BARRODI SAYYED MAHDI. EXAMINING THE DETERMINANTS OF NET INCOME IN RIBA-FREE BANKING WITH AN EMPHASIS ON DIFFERENCES BETWEEN REALIZED AND ON ACCOUNT PROFITS (CASE STUDY: IRAN'S RIBA-FREE BANKING SYSTEM). JOURNAL OF ISLAMIC ECONOMIC STUDIES[Internet]. 2016;8(2 (16) ):105-136. Available from: https://sid.ir/paper/220808/en

IEEE: Copy

MAHDI GHAEMI ASL, SHAHAB MATIN, SADEGH BAFANDEH IMANDOUST, and SAYYED MAHDI MOUSAVI BARRODI, “EXAMINING THE DETERMINANTS OF NET INCOME IN RIBA-FREE BANKING WITH AN EMPHASIS ON DIFFERENCES BETWEEN REALIZED AND ON ACCOUNT PROFITS (CASE STUDY: IRAN'S RIBA-FREE BANKING SYSTEM),” JOURNAL OF ISLAMIC ECONOMIC STUDIES, vol. 8, no. 2 (16) , pp. 105–136, 2016, [Online]. Available: https://sid.ir/paper/220808/en

Related Journal Papers