According to this research, banks sell their finance facilities to a financial institute, which was previously founded with the only aim of issuing financial papers backed by that financial facility. The financial institute purchases (discounts) the mentioned facility from the bank. As a result, the banks remove the said facilities from their balance sheets and receive an amount equal to current value of the facilities in cash. Those facilities are then reissued to applicants of house purchase.Keeping in view the laws of Interest-free banking system and benefiting from the enactments of the Guardian Council and Jurisprudential Committee of Securities and Exchange Organization, the rules related to the juristic feasibility of issuance of the mentioned [financial] papers in our country, were studied.In order to study the Economic aspect, along with considering the cash inflows (the receipts of facility installments) and outflows (profit paid on securities) and the arrangement and utilization costs of the said amounts and similarly the economic conditions ruling over the country and market, with respect to the economic feasibility of using mortgage papers in our country, steps were taken. As a result, while presenting an activity model, the usage of mortgage papers, was found to be possible and in case of maintenance of particular economic conditions over the Melli Iran Bank, the issuance of mortgage papers was found to be appropriate and economic.

Banks, as one of the important institutions in money market, have a basic role in production, industrial and housing finance. Today, some economic problems have caused particular difficulties to the financing of such projects.One of the most common methods in banking finance is to issue Mortgage backed Securities which is not of a long background in Islamic Banks.After ratifying the Securities Market Lawon November 2005, conditions for designing and issuing of new types of securities were established. Now, banks can finance such projects through the capital market by issuing new financial instruments.Because of the tax law, issuing MBS in not possible Hence, in this article we will review MBS and finally a new financial instrument named Mortgage Musharakah Securities will be presented.

Salam Oil Securities are very similar to Asset-backed Securities and the process of issuing Salam oil securities is similar to securitization in its special meaning. Nevertheless, this matter that Salam Oil Securities are a kind of Asset-backed Securities and the process of their issuing is a kind of securitization, is a question that have to be studied to reach a correct answer. In this study we are trying to compare Salam oil Securities with Asset backed Securities in some aspects such as their history, their process of issuing, their Risk management and their benefits Using "Mokhtar" research method. In this paper we have studied the question. The results show that Salam Oil Securities are exactly a kind of Asset Backed Securities and the process of issuing Salam Oil Securities is a kind of Securitization. All benefits of Securitization is imaginable for issuing Salam Oil Securities. we can call Salam Oil Securities as "Islamic Asset Backed Securities" and the process of issuing as "Islamic Securitization".

Money market and capital are two important financial institutions in any country that have a close relationship with each other, and these two markets can be liquidated through the money market, changing data and conditions in a figure that is considered liquid money. The support of financial resources equipped in the capital market. Pawn book is valuable as one of the communication links of money and capital market in the conversion of facility assets in the library. However, the conversion of personalized amounts into facilities and future incomes based on investments through the primary market and the secondary market threatens us with a phenomenon called creation money, especially in the banking system, and considering the most famous monetary creations. Religion knows, the answer to the question of whether the mortgage book market is based on debt from the area where it is supposed to grant facilities and investment has jurisprudential validity or not, is the desired location. The answer to this question in an analytical and descriptive way with reference to jurisprudential documents leads us to the conclusion that financial resources and financing are provided through the release of facility asset resources in the secondary market with the support of banking banks and granting these banks to banks. . Other people in Puli and the financial country have been free of problems.

In the securitization process, by selling the mortgage loans to risk-lover investors, originator can allocate the mortgage loans risk to them. In this case, originator may not have an incentive to screen out borrowers, resulting in the moral hazard problem. This paper, within a principal-agent framework, analyzes this agency problem. Investor, to reduce asymmetric information, uses compensation scheme for giving incentives to the originator and by using the Bayes􁦤 rule, deals with inferring various dimensions of undertaken effort, and incorporates her joint posterior beliefs of the pooled loans’ credit position data and inferred various dimensions of effort into the designing contract problem.The results indicate that the shape of optimal contract is a function of the information content of investors’ observations and inferred knowledge about efforts, suggesting that using additional information prevents originator’s opportunism, the originator more likely performs the obligated tasks when lending the loans to the applicants.

Banks, as the most important institutions in money market, have a vital role in financing manufacturing, service-delivery and trade projects. As a result of a set of problems in economy of Iran, nowadays banking system is faced with financing problems itself. A common method in solving this problem is to use bank's assets backed security. Applying this instrument is common in conventional banking, but it is not yet widely used in Islamic banking, for example in Iran.As a result of Security Market Law in 2005 (1384) and its amendment in 2009 (1388 in Iran) designing and offering of new securities became accepted. Now banks can finance themselves in capital market through designing and offering new financial instruments.This article, which it's purpose is to introduce such an instrument, is composed of two sections. In first section, after reviewing history of bank assets' securitization in conventional and Islamic banking, we explained the goals, performance and pathology of securitization in banks. Then, we designed a compatible financial instrument for securitization of bank assets for Iranian banks. Such an instrument should comply with some conditions: first, it should be acceptable in Fiqh. Second, it should meet the terms of Monetary and Financial Law of Iran. Third, bearing in mind the role of financial instruments in creating the recent financial crisis, it must not create crisis.

Objective: The variables of customer concentration and bank loan contracts can affect corporate finance activities, and customer concentration may increase corporate returns. Methods: Under this study, the relationship between customer concentration and bank loan contracts have been investigated first and then the moderating effect of financial status variables and accounts payable on relationship between these variables have been measured. The statistical population of the study consisted of all listed companies in the Tehran Stock Exchange with regard to specified conditions, over the period of 6 years from 2011 to 2015. Results: The results of the research show that there is a negative and significant relationship between customer concentration and bank loans has. In addition, the financial situation and accounts payable exacerbate the negative relationship between customer concentration and corporate bank lending. Conclusion: With increasing customer concentration, banks are likely to consider tightening rules for corporations, and as a result, firms face financing constraints. Also the increase in the financial leverage and accounts payable that are important indicators in the decision making of banks for lending makes financial providers skeptical and therefore they would try to impose further restrictions on companies through getting collateral.