PRINCIPLES GOVERNING CREDIT RATING IN ISLAMIC CREDIT RISK MANAGEMENT FROM THE PERSPECTIVE OF THE QUR'AN

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.

ZAKERNIA EHSAN; KHADEM ALIZADEH AMIR

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

Journal Paper

Paper Information

Journal: ISLAMIC FINANCE RESEARCHES Year:2017 | Volume:6 | Issue:2 (12) Page(s): 5-34

Download Full-Text

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

Persian Verion

View:

989

Download:

Cites:

Information Journal Paper

Title

PRINCIPLES GOVERNING CREDIT RATING IN ISLAMIC CREDIT RISK MANAGEMENT FROM THE PERSPECTIVE OF THE QUR'AN

Author(s)

ZAKERNIA EHSAN | KHADEM ALIZADEH AMIR | Issue Writer Certificate

Keywords

CREDIT RISKQ2

RISK MANAGEMENTQ2

BANKQ1

LOANQ2

DEFAULTQ2

VALIDATIONQ2

QURANQ2

PROPERTYQ2

Abstract

CREDIT RISK in BANKing is a loss resulted from the borrower's delay or DEFAULT in fulfilling his obligations in maturity. CREDIT RISK is one of the most important risks of BANKing and inadequate attention to LOAN applicants' credit VALIDATION is one of the major factors of it. This means that the LOANs are granted to those who are not qualified and so they refuse to repay them either intentionally or unintentionally. In this study we have selected some verses from the Holy QURAN which describe the role, importance, conditions of acquisition, and personal characteristics of a person who wants to take an asset. The research method is descriptive-analytical and has tried to extract critical components from the QURAN for the assessment of CREDIT RISK by adopting a thematic interpretation approach and by referring to the related interpretations.The main research question is the principles that the QURAN dictates for removing the CREDIT RISK and for assessing the borrower’s characteristics when he applies for a LOAN. To respond to these questions, our hypothesis is that in terms of the Holy QURAN, seven principles are determinative in Islamic BANKing behaviors, namely the necessity of social justice, the recognition of humans as divine caliph, the necessity of fulfilling one' s promise, the necessity of rule of Islamic ethics in Islamic financial market, consistency of the PROPERTY, necessity of proper use of the PROPERTY and not handing it in to the feeble-minded people, and finally the principle of not inflicting damage on trade and financial deals. The results of the study confirmed the hypotheses.

Cites

No record.

References

No record.

Cite

APA: Copy

ZAKERNIA, EHSAN, & KHADEM ALIZADEH, AMIR. (2017). PRINCIPLES GOVERNING CREDIT RATING IN ISLAMIC CREDIT RISK MANAGEMENT FROM THE PERSPECTIVE OF THE QUR'AN. ISLAMIC FINANCE RESEARCHES, 6(2 (12) ), 5-34. SID. https://sid.ir/paper/254890/en

Vancouver: Copy

ZAKERNIA EHSAN, KHADEM ALIZADEH AMIR. PRINCIPLES GOVERNING CREDIT RATING IN ISLAMIC CREDIT RISK MANAGEMENT FROM THE PERSPECTIVE OF THE QUR'AN. ISLAMIC FINANCE RESEARCHES[Internet]. 2017;6(2 (12) ):5-34. Available from: https://sid.ir/paper/254890/en

IEEE: Copy

EHSAN ZAKERNIA, and AMIR KHADEM ALIZADEH, “PRINCIPLES GOVERNING CREDIT RATING IN ISLAMIC CREDIT RISK MANAGEMENT FROM THE PERSPECTIVE OF THE QUR'AN,” ISLAMIC FINANCE RESEARCHES, vol. 6, no. 2 (12) , pp. 5–34, 2017, [Online]. Available: https://sid.ir/paper/254890/en

Related Journal Papers