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Islamic banks and their role in achieving economic development (Some Arab Islamic banks as a model for the period 2006 - 2013) | ||
| Muthanna Journal of Administrative and Economic Sciences | ||
| Article 1, Volume 8, Issue 1, 2018, Pages 28-41 | ||
| Abstract | ||
| The purpose of establishing Islamic banks to meet the challenges faced by Muslims through financial and investment transactions and its relationship with commercial banks. which Most business transactions need to deposit, withdraw bank securitization, and fear of falling into interest through interest transactions. The idea of establishing Islamic banks is based on the origins of Islamic teachings and to a recognition of the great challenges facing the Islamic nation in the economic sphere. It is, therefore, necessary to find an effective mechanism to address these challenges by shaping the development of institutions that aim to avoid bank interest. the Economic development and social progress of Islamic peoples and societies in accordance with the principles and principles of "Islamic law". To achieve this noble objective, some banks have taken special care to finance productive projects and infrastructure projects through various means, such as capital participation, speculation, low participation, leasing, selling, futures, etc, to stimulate trade and economic development. | ||
| Keywords | ||
| The purpose of establishing Islamic banks to meet the challenges faced by Muslims through financial and investment transactions and its relationship with commercial banks; which Most business transactions need to deposit; withdraw bank securitization; and fear of falling into interest through interest transactions; The idea of establishing Islamic banks is based on the origins of Islamic teachings and to a recognition of the great challenges facing the Islamic nation in the economic sphere; It is; therefore; necessary to find an effective mechanism to address these challenges by shaping the development of institutions that aim to avoid bank interest | ||
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