Common financial engineering is a set of sciences or techniques that seek to find new and effective ways to provide optimal funding in the institutional framework of a system governing liberal economics. The main question is whether it is possible to achieve the goals and strategies of the Islamic financial system by simulating them. In order to get the answer, the article first describes the historical and functional course of current Islamic finance and its analysis and pathology. The prevailing approach of Islamic finance is the common passive method (adaptation, simulation, and correction), the common denominator of which is the emphasis on the reconstruction and signing of the achievements of Marginalismin the financial economy. Research at this level, by employing the system of jurisprudence, lacks a specific methodology in line with the objectives. In addition to the problem of lack of consensus on financial issues, the passive approach is associated with risks such as compliance and lack of coordination of components, widespread use of hail, complexity, which in general causes the uncertainty of contract rules and the philosophy of usury. And other certain rules have been applied to transactions. This approach led to the opposition's ridicule and the Islamic Republic's failure to distinguish the common from the common. It is suggested that in the first step, with the approach of systematization and the idea of moderation of jurisprudence, to discover the economic economy from the interests of jurisprudence and ethics and within its framework and in accordance with the goals of patterns, tools and institutions of Islamic financial system to meet real financial needs.

Individual characteristics of CEOs such as ability and financial knowledge can eclipse their behavior and type of decision in the organization, and thereby affect transparency of financial reporting. In this research, the influence of ability and CEOs’ s financial knowledge on the transparency of financial reporting has been investigated. According to the research constraints, the 110 companies accepted in Tehran Stock Exchange have been investigated during the period of 2010-2016. To measure the ability variable from data envelopment analysis technique, and The variable of financial knowledge from Type of educational degrees of CEOs, and to measure financial reporting transparency from multidimensional criterion that covers a wide range of concepts related to transparency, has been used. The results of the research showed that the CEOs’ s ability has a positive effect on the transparency of financial reporting, But this effect was not significant. Also, there is a no significant relationship between the financial knowledge of CEOs and transparency of financial reporting. Finally, the results of the research showed that ability and CEOs’ s financial knowledge Simultaneously have a positive and significant effect on transparency of financial reporting.

The place of Islamic financial system’s design and codification in terms of the principles and operational process in Islamic-Iranian progress model is an excellence path for development of our country. Islamic finance can noble Islamic economic models in three functional dimensions include financial instruments, markets and institutions. Accurate execution of Islamic financial system requires evaluation of basic aspects of Islamic economics/ finance in order to lead to stability progress. Bagher Sadr (Rhmth) argues Islamic economics and finance models are in genesis stage whereas, school developed foundations and frameworks (infrastructure) and models (superstructure) in Islamic economic system. Considering the exploratory nature of Islamic finance, the place of Islamic finance in mentioned model should be designed.This paper determine the role of Islamic finance in Islamic-Iranian progress model and strives to present a roadmap based on Islamic thoughts and local area patterns. Thus it focuses on the role of Islamic finance in the model by explanation of principles, norms, goals and functional parameters governing Islamic financial system.

The aim of this study was to evaluate the effects of financial knowledge and financial socialization on financial satisfaction considering the role of attitude towards financial risk and financial behavior. This study was a descriptive-correlation based on gathering information and an applied research based on its purpose. The statistical population of research consists of all investors in investing funds in Tehran whom have active trading code in year 1397. Referring to Cochran’ s sampling formula, a number of 384 investors were selected among 2333558 investors through in access sampling method and validated questionnaires of study distributed among them. The validity of questionnaires assessed by experts and its reliability evaluated by Cronbach’ s alpha, which found greater than 0. 7 for all variables. The structural equation modeling used to analyze data and test hypotheses. Findings showed that there is positive and significant relationship between financial knowledge and financial socialization with attitude toward risk and investors financial behavior. Also, the attitudes toward risk and investors financial behavior have positive and significant effects on the financial satisfaction. The results showed that financial knowledge and financial socialization have direct and inverse effect on the financial satisfaction respectively and, two variables attitude toward risk and financial behavior, have mediating role in their relationship with financial satisfaction.

Islamic banking practice, which started in early 1970s on a modest scale, is based on one single belief, i.e Riba is prohibited. Having set that, there lies a question. i.e. in comparison with conventional financial system, does Islamic banking have any advantage? The answer to this question gets more important if we consider the various crises the conventional system has faced in the last 4 decades. The most recent (and probably most important) of them is the financial crisis in the housing market of the U.S. economy. This crisis has provided a great opportunity for Islamic scholars to rethink and reconsider the distinguishing features of interest-free Islamic finance at the macro-economic level. This paper addresses some of these features, which are stability and efficiency. The results show that Islamic finance is conducive to greater stability and more efficiency than conventional finance. It is a fairer arrangement capable of leading human society to greater equity and higher growth. One of the reasons for greater stability in an Islamic financial system is synchronization between payment obligations and revenue accruals. Another reason is that there will be far less scope for unhealthy speculation in the Islamic system because of absence of the rate of interest and reduced volume of debt. This will also contribute towards stability. Finally a better incentive structure in Islamic ban king is the clue for higher efficiency.

financial literacy is considered as one of the human capitals that plays an important role in influencing financial behavior. In order to develop Islamic financial products, Islamic financial literacy must be strengthened to support people's financial decisions. The purpose of this study is to identify and analyze the most important factors affecting Islamic financial literacy in Iran using DANP (The Dematel based Analytic Network Process) technique. Therefore, first, by studying the archives and carefully reviewing various sources, the most important factors affecting Islamic financial literacy were identified. Then These factors were presented to experts in the form of a pairwise comparison questionnaire for ranking. They included university professors and experts in Islamic financial markets. Finally, five of the most important of these factors were analyzed. The results of the research show that social factors are the most important. Also, Islamic financial attitude, culture, religious affiliations, friends and peers and Islamic financial knowledge are the most important sub-factors affecting Islamic financial literacy in Iran.

The behavioral decision-making process of individuals highlights the importance of investors' feelings and their correlation with the real economy. The purpose of this study was to model investment satisfaction based on financial knowledge. Qualitative and quantitative methodology has been used. In terms of research philosophy, it is of applied positivist paradigm, and in terms of qualitative and quantitative research, it has an inductive and deductive approach and survey strategy. This research is exploratory in terms of purpose and explores variables and their causal relationship. The data was collected through interviews with experts and the Atlas ti software was used qualitatively. The research population of the present study included experts and financial experts and management of companies listed on the Tehran Stock Exchange. In a small part, Delphi techniques and structural equations have been used. By analyzing the data, a total of 23 categories and 252 and finally 127 concepts were identified and extracted. Selective coding and axial coding were also performed. Among the identified factors, the axial coding paradigm was performed and based on that, the linear relationship between research categories including causal conditions, axial categories, contextual conditions, intervening conditions, strategies, and consequences were determined. Managers must always identify the risks that threaten the company. Investors can benefit greatly from the application of financial knowledge in their specific situations. When behavioral finance develops among market participants, investors will see its benefits.

In the past few decades, Capitalist economic system has witnessed different financial crises the most important of which is the 2008 financial crisis. The crisis had different causes that the main causes are innovations and financial assets without actual backing (real underlying asset) and their developing by financial institutions. Namely, financial institutions, especially banks, developed their transactions by investing in financial assets with no real backing.Banks and similar financial institutions for other reasons, including the lack of adequate monitoring system, Extensive credits with no relevant standards, fiat money creation, log in risky activities and increased leverage were effective in developing crisis.In this study the role of conventional banking in the development of crisis and on the contrary, the characteristics of Islamic banking in the immunity of crisis is explained.Islamic financing system is a financial system which is based on real assets, In other words, on real economy. There has been considerable growth in recent years, in Islamic banking which represents a very good alternative to the conventional techniques in the financial system.Islamic banking through a close relationship with the real economy, financial transparency, supervision and control, distribution of risks and minimal influence of shocks, lending standards, lack of investment in subprime assets, requires detailed risk assessment activities would prevent the recurrence of similar financial crises.

As financial markets become more complex in today's world, terms such as financial capability and financial knowledge (literacy) have recently become widely used in the literature and everyday conversation. However, there are still challenges in explaining the meanings of each word, its dimensions and elements, and how to measure it, and many consider the two words to be the same. In addition, most of the research conducted so far has focused on the term financial literacy and identifying the factors affecting it, and the concept of financial capability (ability) has not been specifically addressed. Therefore, the purpose of this study, while explaining the conceptual differences between the two words, is to provide a structural model regarding the factors affecting the financial ability of individuals from the perspective of experts through a phenomenological approach. This research is based on a library and interpretive method of qualitative research that has examined the views of 12 Iranian financial experts. The results showed that the proposed model of factors affecting the financial ability of individuals including 3 main themes of ability, mental framework and communication, 4 categories of skills, attitudes and general and financial motivations as well as 39 factors are influential.