رؤية جديدة لدور المؤسسات المالية الإسلامية في تمويل رأس المال الإنتاجي و البشري

Abstract

This study aims to propose a frame for how Islamic financial institutions (IFIs) should be, as well as demonstrates their capability of channeling financial resources towards economic development. In light of the surge in unemployment rates, particularly among large spectrums of youth, the study proposes financial vehicles and mechanisms for directing funding towards constructive investment activities in an endeavor to catch up with our time’s advancement. Among its key outcomes, this research proves that Islamic finance works on optimum allocation of financial resources, as well as channeling such resources to high productivity projects. It shows that equal economic opportunities are available to all individual within the society under the Islamic finance transactions as well as states that individual stockholders under Profit/Loss Sharing are income distribution favored benefiters on the long-term. The research also demonstrate that income distribution does not favor interest transaction dealers- who are more likely vulnerable to capital losses in case of enormous rates of inflation where net profits comes in negative figures. _x000D_ Through analysis of the sources and uses of a sample of IFIs, the outcomes also demonstrate that around 80% to 60% of funds are sourced from customers’ deposits, whereas about 62% to 75% of the uses are directed to finance activities and around 50% to 90% of finance activities through Murabaha contracts that mostly entail consumable goods. Furthermore, the study outcomes reveals how IFIs are vulnerable to higher risks in comparison with traditional banks due to the applicable laws, legislations, and positive courts systems that are different from their counterparts in Islamic Sharia within the Arab countries.

Date of Award	2017
Original language	Arabic (Saudi Arabia)
Awarding Institution	HBKU College of Islamic Studies