UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
Call for Paper
Volume 11 | Issue 3 | March 2024

JETIREXPLORE- Search Thousands of research papers



WhatsApp Contact
Click Here

Published in:

Volume 5 Issue 1
January-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

7.95 impact factor calculated by Google scholar

Unique Identifier

Published Paper ID:
JETIR1801211


Registration ID:
229360

Page Number

1113-1121

Share This Article


Jetir RMS

Title

Murabahah Practices in Islamic Banking of Iran: Challenges and Solutions

Authors

Abstract

The revolution of Iran played a primary role in establishing Interest-free banking after 1979 in Islamic Republic of Iran. The government passed the law of Interest-free banking in 1983 and in 1984 banks started Islamic banking based on the interest-free law of 1983. The interest free banking system of Islamic Republic of Iran is perceived as an effective tool in achieving of the objectives of Islamic economics. It is difficult to accept that a bank can be run without paying or receiving interest and without the involvement of interest banks will play any role in economic development. There are various modes and principles in Islamic banking like Mudharbah, Musharka, Murabaha,Ijarah etc. Murabaha in practice is ambiguous, translucent and usurious in disguise. This paper is an attempt to study the challenges of Murabaha practices in Interest-free banking of Islamic Republic of Iran and suggesting possible solutions.

Key Words

Murabahah, usury (Interest), Shari’ah (Islamic Laws),Halal (Permissible), Batil (Not-Permissible)

Cite This Article

"Murabahah Practices in Islamic Banking of Iran: Challenges and Solutions", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 1, page no.1113-1121, January-2018, Available :http://www.jetir.org/papers/JETIR1801211.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Murabahah Practices in Islamic Banking of Iran: Challenges and Solutions", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 1, page no. pp1113-1121, January-2018, Available at : http://www.jetir.org/papers/JETIR1801211.pdf

Publication Details

Published Paper ID: JETIR1801211
Registration ID: 229360
Published In: Volume 5 | Issue 1 | Year January-2018
DOI (Digital Object Identifier):
Page No: 1113-1121
Country: -, -, - .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


Preview This Article


Downlaod

Click here for Article Preview

Download PDF

Downloads

0003071

Print This Page

Current Call For Paper

Jetir RMS