Pathology of Islamic Financial Engineering to Design Islamic Financial 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.

Safa Ahmad Reza; Masuminia Gholam Ali

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

Journal Paper

Paper Information

Journal: Journal of Iran's Economic Essays; an Islamic approach Year:2020 | Volume:17 | Issue:33 Page(s): 243-270

Download Full-Text

View:

Download:

Cites:

Information Journal Paper

Title

Pathology of Islamic Financial Engineering to Design Islamic Financial System

Author(s)

Safa Ahmad Reza | Masuminia Gholam Ali

Keywords

Financial system

Islamic Financial Engineering

Islamicization

Usury tricks

methodology

Abstract

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.

Multimedia

No record.

Cites

No record.

References

No record.

Cite

APA: Copy

Safa, Ahmad Reza, & Masuminia, Gholam Ali. (2020). Pathology of Islamic Financial Engineering to Design Islamic Financial System. JOURNAL OF ECONOMIC ESSAYS, 17(33 ), 243-270. SID. https://sid.ir/paper/1038593/en

Vancouver: Copy

Safa Ahmad Reza, Masuminia Gholam Ali. Pathology of Islamic Financial Engineering to Design Islamic Financial System. JOURNAL OF ECONOMIC ESSAYS[Internet]. 2020;17(33 ):243-270. Available from: https://sid.ir/paper/1038593/en

IEEE: Copy

Ahmad Reza Safa, and Gholam Ali Masuminia, “Pathology of Islamic Financial Engineering to Design Islamic Financial System,” JOURNAL OF ECONOMIC ESSAYS, vol. 17, no. 33 , pp. 243–270, 2020, [Online]. Available: https://sid.ir/paper/1038593/en

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops