Imam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Designing the Islamic Capital Market within the Framework of The Islamic Economic System (Nature, Elements, Method of Discovery and Design)Designing the Islamic Capital Market within the Framework of The Islamic Economic System (Nature, Elements, Method of Discovery and Design)1387543710.30497/ifr.2020.75437FASayyed AbbasMousavianProfessor of the Institute of Islamic Culture and ThoughtMohammadTohidiAssociate Professor, Faculty of Islamic Studies and Management, Tehran, Iran0000-0002-1289-1256Journal Article20200710The Islamic capital market is one of the subsystems of the Islamic economic system and its essential difference with the conventional capital market is in the principles, goals, financing instruments, risk management instruments and financial institutions. In the Islamic capital market, all the components and pillars are designed within the framework of Islamic economic teachings. This article, which has an exploratory nature, seeks to introduce the fixed and changing components of the Islamic capital market in a descriptive-analytical method and to express the method of discovering and designing its components. Specifically, it answers the following questions: What are the principles and goals of the Islamic capital market and how are they discovered? How are the jurisprudential, legal and moral rulings of the Islamic capital market inferred? How are financing instruments, risk management instruments, institutions and organizations, and behavioral patterns of participants in the Islamic capital market designed?According to the research findings the Islamic capital market is based on the fixed components of the Islamic economic system, which are discovered by ijtihad from the sources of sharia and Islamic view in this regard is constitutive. But the changing elements of the Islamic capital market are derived from human experience and knowledge, and the ratifying approach of Islam is evident in these cases. In other words, from among the human achieved knowledge and experience, only those elements are selected that are consistent with the fixed elements of the Islamic economic system or can be adapted by making corrections.The Islamic capital market is one of the subsystems of the Islamic economic system and its essential difference with the conventional capital market is in the principles, goals, financing instruments, risk management instruments and financial institutions. In the Islamic capital market, all the components and pillars are designed within the framework of Islamic economic teachings. This article, which has an exploratory nature, seeks to introduce the fixed and changing components of the Islamic capital market in a descriptive-analytical method and to express the method of discovering and designing its components. Specifically, it answers the following questions: What are the principles and goals of the Islamic capital market and how are they discovered? How are the jurisprudential, legal and moral rulings of the Islamic capital market inferred? How are financing instruments, risk management instruments, institutions and organizations, and behavioral patterns of participants in the Islamic capital market designed?According to the research findings the Islamic capital market is based on the fixed components of the Islamic economic system, which are discovered by ijtihad from the sources of sharia and Islamic view in this regard is constitutive. But the changing elements of the Islamic capital market are derived from human experience and knowledge, and the ratifying approach of Islam is evident in these cases. In other words, from among the human achieved knowledge and experience, only those elements are selected that are consistent with the fixed elements of the Islamic economic system or can be adapted by making corrections.https://ifr.isu.ac.ir/article_75437_2ddce6dac512e88ff2f1c8d656cfea0b.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Evaluation and Analysis of Copy Trading and Mirror Trading Contract from a Jurisprudential and Legal Point of viewEvaluation and Analysis of Copy Trading and Mirror Trading Contract from a Jurisprudential and Legal Point of view39747597810.30497/ifr.2022.241661.1660FAMiladKhoshzabanM.A. in Financial Management, Sciences and Research Branch, Islamic Azad University, Tehran, Iran; & Iranian Association of Islamic Finance0000-0001-7087-7033Mahmoud RezaKhajeh NasiriPh.D. in Financial Engineering, Sciences and Research Branch, Islamic Azad University, Tehran, Iran; & Iranian Association of Islamic FinanceJournal Article20211016Copy trading and mirror trading are new trading methods that have been widely used in the financial markets. Their characteristics make them be used in deepening the Islamic capital market and be exploited by market policymakers as a necessity in quantitative and qualitative development.The purpose of this article is to analyze the relationship between the elements of copy trading and mirror trading from a jurisprudential and legal point of view and its practical evaluation; it is looking for an answer to the question whether it is possible to use the existing capacities in this trading method in the development of the Islamic capital market and the expansion of Islamic fintech and whether this form of trading is compatible with the principles and standards of Islamic jurisprudence. In order to answer these questions, qualitative research method and interview tools were used in the form of holding focus groups. The results of the research confirm that the use of copy trading and mirror trading in Iran's capital market does not conflict with Islamic Shariah from a jurisprudential, legal and executive point of view, and it can be used in the Islamic capital market. Also, the aforementioned finding has been approved by the shariah committee of the Securities and Exchange Organization in Iran.Copy trading and mirror trading are new trading methods that have been widely used in the financial markets. Their characteristics make them be used in deepening the Islamic capital market and be exploited by market policymakers as a necessity in quantitative and qualitative development.The purpose of this article is to analyze the relationship between the elements of copy trading and mirror trading from a jurisprudential and legal point of view and its practical evaluation; it is looking for an answer to the question whether it is possible to use the existing capacities in this trading method in the development of the Islamic capital market and the expansion of Islamic fintech and whether this form of trading is compatible with the principles and standards of Islamic jurisprudence. In order to answer these questions, qualitative research method and interview tools were used in the form of holding focus groups. The results of the research confirm that the use of copy trading and mirror trading in Iran's capital market does not conflict with Islamic Shariah from a jurisprudential, legal and executive point of view, and it can be used in the Islamic capital market. Also, the aforementioned finding has been approved by the shariah committee of the Securities and Exchange Organization in Iran.https://ifr.isu.ac.ir/article_75978_334b7ca6dff862006c643f51a750eaaa.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Investigating the Factors Affecting Islamic Financial Literacy Using DANP TechniqueInvestigating the Factors Affecting Islamic Financial Literacy Using DANP Technique751107608110.30497/ifr.2022.242426.1690FAJalalNaderiPh.D. in Financial Management, Tehran University, Tehran, Iran0000-0002-6726-5623MahmoodRamshiniAssistant Professor, Business Management Department, University of Bojnord , Bojnord, Iran0000-0002-3416-2396FatemehZareiAssistant Professor, Management Department, Meybod University, Meybod, Iran0000-0002-1853-5914Journal Article20220101Financial 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.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.https://ifr.isu.ac.ir/article_76081_eb526ab780a2353ab61095cf96a021d8.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Research on the Fiqhi- Financial Base of Prudence about Others’ PropertiesResearch on the Fiqhi- Financial Base of Prudence about Others’ Properties1111447597610.30497/ifr.2022.240538.1602FAAkbarMahmoodiProfessor, Mustafa International University, Qom, Iran0000-0002-1261-1728Journal Article20210221Islam considers special respect for the property of others and has established the principle of sanctity of possession. The jurisprudential rule of prudence in regard to property is in line with this respect and principle and stipulates that in case of lacking in the permission to possess the property of others, the principle should be based on the sanctity of possession, hence a prohibition on possessing it. The main question here relates to the content and documents and scope of the precautionary rule about other people’s properties, which is answered though descriptive-critical analysis and library documents and in the framework of Islamic texts. The main justification for this is the independent rule of reason and other factors, namely the holy Quranic verse forbidding the possession of property in vain, consensus, special care required by Shari'a, the rule of respect, the life of religious law experts, the principle of prudence, the law of the Shari'a and the suspension of the ruling on possession of property over existence. These in turn confirm the rule of reason. The ruling of Shari'a in this regard is, therefore, based on guidance provided by reason and the wise, and Shari'a does not have an independent edict in this regard. This jurisprudential rule applies to vital and risky properties and is valid in legal and thematic doubts and about Muslims and non-harbi (not deserving to be fought with) infidels but doesn’t apply to harbi infidels because their property is not respected. Ibaha (permissibility) does not apply to the property of others, but only where the subject is doomed to be abusive by nature and its sanctity is doubted, and it also applies where the intellect does not independently justify the seizure of the property of others. This is because the priority is given to the sanctity of other people’s property and the reason accepts this when it is not afforded sufficient contrary knowledge.Islam considers special respect for the property of others and has established the principle of sanctity of possession. The jurisprudential rule of prudence in regard to property is in line with this respect and principle and stipulates that in case of lacking in the permission to possess the property of others, the principle should be based on the sanctity of possession, hence a prohibition on possessing it. The main question here relates to the content and documents and scope of the precautionary rule about other people’s properties, which is answered though descriptive-critical analysis and library documents and in the framework of Islamic texts. The main justification for this is the independent rule of reason and other factors, namely the holy Quranic verse forbidding the possession of property in vain, consensus, special care required by Shari'a, the rule of respect, the life of religious law experts, the principle of prudence, the law of the Shari'a and the suspension of the ruling on possession of property over existence. These in turn confirm the rule of reason. The ruling of Shari'a in this regard is, therefore, based on guidance provided by reason and the wise, and Shari'a does not have an independent edict in this regard. This jurisprudential rule applies to vital and risky properties and is valid in legal and thematic doubts and about Muslims and non-harbi (not deserving to be fought with) infidels but doesn’t apply to harbi infidels because their property is not respected. Ibaha (permissibility) does not apply to the property of others, but only where the subject is doomed to be abusive by nature and its sanctity is doubted, and it also applies where the intellect does not independently justify the seizure of the property of others. This is because the priority is given to the sanctity of other people’s property and the reason accepts this when it is not afforded sufficient contrary knowledge.https://ifr.isu.ac.ir/article_75976_2b98432e352ff74569b81099dd5ee246.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Violation of the Forced Dissolution of Contracts from the Intention of the Parties (with Emphasis on the Guarantee Arising from the Obligation of Future Contracts)Violation of the Forced Dissolution of Contracts from the Intention of the Parties (with Emphasis on the Guarantee Arising from the Obligation of Future Contracts)1451687608910.30497/ifr.2022.241199.1634FAMohammad RasolAhangaranProfessor, Faculty of Theology and Islamic Studies, Tehran University, Tehran, Iran0000-0003-1056-5606NavidEmsakiPh.D. Student of Jurisprudence and Fundamentals of law, Faculty of Theology and Islamic Studies, Tehran University, Tehran, Iran0000-0003-2910-6776Journal Article20210617Any transaction that is valid in the world of law is based on the intention and will of the parties in the absence of which a transaction will not be realized. Among these cases is the guarantee created as a result of depositing the obligation with the clearing house in future contracts, and all the provisions and effects of the contract are based on the intention and will of the parties. Dissolution of contracts, which is divided into three types, namely cancellation, termination and forced dissolution of contract is one of the most important issues of falling obligations in jurisprudence and law. On the other hand, in the case of forced dissolution of the contract, which results from the forced loss of the seller or the permanent excuse of fulfilling the provisions of the obligation, it is not a sign of the intention and will of the parties and the ruling on annulment of this type of contract is final. This type of dissolution, which is referred to in jurisprudence as the rule of "invalidation of the whole contract with the excuse of fulfillment in content", is in some way in conflict with the rule of "contracts subject to intentions" and consequently with the guarantee in future contracts. Written in a descriptive-analytical manner, an attempt has been made to resolve this conflict. What seems to be the rule of invalidity of a contract the fulfillment of which is impossible is the rule of citizenship of the contract of intent.Any transaction that is valid in the world of law is based on the intention and will of the parties in the absence of which a transaction will not be realized. Among these cases is the guarantee created as a result of depositing the obligation with the clearing house in future contracts, and all the provisions and effects of the contract are based on the intention and will of the parties. Dissolution of contracts, which is divided into three types, namely cancellation, termination and forced dissolution of contract is one of the most important issues of falling obligations in jurisprudence and law. On the other hand, in the case of forced dissolution of the contract, which results from the forced loss of the seller or the permanent excuse of fulfilling the provisions of the obligation, it is not a sign of the intention and will of the parties and the ruling on annulment of this type of contract is final. This type of dissolution, which is referred to in jurisprudence as the rule of "invalidation of the whole contract with the excuse of fulfillment in content", is in some way in conflict with the rule of "contracts subject to intentions" and consequently with the guarantee in future contracts. Written in a descriptive-analytical manner, an attempt has been made to resolve this conflict. What seems to be the rule of invalidity of a contract the fulfillment of which is impossible is the rule of citizenship of the contract of intent.https://ifr.isu.ac.ir/article_76089_f3b824b12593b0f51672e306ae05e7fa.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023The Legal Nature of the Shared Interest Economic Group and its Differentiation from Civil Participation in Imamiah Jurisprudence and other Similar InstitutionsThe Legal Nature of the Shared Interest Economic Group and its Differentiation from Civil Participation in Imamiah Jurisprudence and other Similar Institutions1691927607510.30497/ifr.2022.241642.1659FAMajidRahaeiPh.D. Student, Law Department, Faculty of Humanities, Ayatollah Amoli Branch, Islamic Azad University, Amol, IranSeyed HassanHosseini MoghaddamAssistant Professor, Private Law Department, Faculty of Law and Political Science, Mazandaran University, Babolsar, Iran0000-0001-8497-7174MehdiFallah KharikiAssistant Professor, Law Department, Faculty of Humanities, Ayatollah Amoli Branch, Islamic Azad University, Amol, Iran0000-0002-5841-712XJournal Article20210826The economic group with common interests in line with the needs of today's society is almost a nascent institution in our domestic law. This type of partnership is similar to the various partnerships in international systems, including joint ventures and consortia. The economic group is necessarily a party to the transaction and a party to the rights and obligations in order to carry out the activities necessary to achieve its goals. In Article 107 of Iran’s Fifth Economic Development Plan Law, the economic group with common interests was introduced as a new institution. This group is a legal establishment that is formed freely among natural persons on the basis of joint liability. As mentioned, the economic group with common interests is similar to various institutions such as civil participation in jurisprudence, joint ventures and consortia. Accordingly, the main issue of this research, done with descriptive-analytical method, is the differences and similarities between economic groups with common interests and other similar institutions. According to our findings, what is certain from Article 107 of the Development Plan Law is the inclination and sense of necessity to systematize and facilitate the establishment and operation of "economic group with common interests" or, in more general terms, contractual partnerships that can flexibly be a generic name for Consortia, joint ventures, etc. The concept of economic group with common interests, which is borrowed from French law, is similar to concepts such as consortium, joint venture and civil companies. Also, in Imamiah jurisprudence, the concept of civil company is emphasized.The economic group with common interests in line with the needs of today's society is almost a nascent institution in our domestic law. This type of partnership is similar to the various partnerships in international systems, including joint ventures and consortia. The economic group is necessarily a party to the transaction and a party to the rights and obligations in order to carry out the activities necessary to achieve its goals. In Article 107 of Iran’s Fifth Economic Development Plan Law, the economic group with common interests was introduced as a new institution. This group is a legal establishment that is formed freely among natural persons on the basis of joint liability. As mentioned, the economic group with common interests is similar to various institutions such as civil participation in jurisprudence, joint ventures and consortia. Accordingly, the main issue of this research, done with descriptive-analytical method, is the differences and similarities between economic groups with common interests and other similar institutions. According to our findings, what is certain from Article 107 of the Development Plan Law is the inclination and sense of necessity to systematize and facilitate the establishment and operation of "economic group with common interests" or, in more general terms, contractual partnerships that can flexibly be a generic name for Consortia, joint ventures, etc. The concept of economic group with common interests, which is borrowed from French law, is similar to concepts such as consortium, joint venture and civil companies. Also, in Imamiah jurisprudence, the concept of civil company is emphasized.https://ifr.isu.ac.ir/article_76075_5405a1d22f0357aa8038e6ec0c8e69e0.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Explaining the Operation Model for Project Financing in the Banking System of the Islamic Republic of IranExplaining the Operation Model for Project Financing in the Banking System of the Islamic Republic of Iran1932267594110.30497/ifr.2021.240714.1611FAEhsanZakerniyaPh.D. Financial Management, Financial Department, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehan, Iran0000-0002-5329-1716AliSalehabadiAssociate Professor, Financial Department, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, Iran0000-0003-1839-774xHosinHasanzadeh SarvestaniAssistant Professor, Financial Department, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, Iran0000-0001-9018-2108Journal Article20210404Project financing is one of the most important and practical approaches in developed and developing countries and many medium and large-scale projects in the world are implemented by applying this approach. Unfortunately, this approach, however, has not really been able to be pursued in Iran, and one of the main reasons for this failure is the lack of knowledge and explanation of the requirements and dimensions of it. Due to the bank-based nature of the Iranian economy, it seems that the best opportunity for starting and practicing this method of financing is for banks to take steps in this field and allocate a small part of their resources to it. For this purpose, this research has tried to provide a better understanding of the subject in order to present the main factors affecting the realization of the project financing model in the banking system of the Islamic Republic of Iran with a relatively comprehensive review of domestic and foreign scientific resources ,and then, to extract the final model by using the theme analysis method and the opinions of experts and related literature, through a relatively deep analysis and extracting a total of 2072 basic themes. By measuring and rearranging these factors, the operational model for project financing in the banking system of the Islamic Republic Iran has been developed.Project financing is one of the most important and practical approaches in developed and developing countries and many medium and large-scale projects in the world are implemented by applying this approach. Unfortunately, this approach, however, has not really been able to be pursued in Iran, and one of the main reasons for this failure is the lack of knowledge and explanation of the requirements and dimensions of it. Due to the bank-based nature of the Iranian economy, it seems that the best opportunity for starting and practicing this method of financing is for banks to take steps in this field and allocate a small part of their resources to it. For this purpose, this research has tried to provide a better understanding of the subject in order to present the main factors affecting the realization of the project financing model in the banking system of the Islamic Republic of Iran with a relatively comprehensive review of domestic and foreign scientific resources ,and then, to extract the final model by using the theme analysis method and the opinions of experts and related literature, through a relatively deep analysis and extracting a total of 2072 basic themes. By measuring and rearranging these factors, the operational model for project financing in the banking system of the Islamic Republic Iran has been developed.https://ifr.isu.ac.ir/article_75941_52e423907968ddd10bbd2ec76092a7fc.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Analysis of Binary Options from Economic and Jurisprudential Points of ViewAnalysis of Binary Options from Economic and Jurisprudential Points of View2272587592510.30497/ifr.2021.241402.1651FAAbdolmohammadKashianAssistant Professor, Faculty of Economics, Management and Administrative Sciences, Semnan University, Semnan, Iran0000-0002-5352-1446ElhamParsaPh.D. Candidate of Financial Engineering, Faculty of Economics, Management and Administrative Sciences, Semnan University, Semnan IranJournal Article20210727Analyzing the economic nature of new financial instruments along with examining its jurisprudential aspects has an important role in introducing and using them in Islamic financial markets. One of these tools is binary options, which due to its high attractiveness, is an important part of derivative market exchanges. The purpose of this study is to analyze binary options from an economic and jurisprudential point of view. These are a type of exotic ones that can be used, like other options contracts, to cover risk, arbitrage and speculation. The present study, while examining the economic nature of this type of authority, answers the question of whether these powers are also legally legitimate. The method used in this research is the conventional analytical-ijtihad method in the analysis of Islamic financial markets. The present study, while examining the types of binary options and presenting different strategies of their transactions, has examined the nature of options and especially binary options through different contracts. The results indicate that some models of this option can be corrected in the form of contracts such as basic peace, sale of rights and basic conditions, and some models are only in the form of insurance contracts and others are examples of gambling. Accordingly, only some types of this contract can be used in Islamic financial markets.Analyzing the economic nature of new financial instruments along with examining its jurisprudential aspects has an important role in introducing and using them in Islamic financial markets. One of these tools is binary options, which due to its high attractiveness, is an important part of derivative market exchanges. The purpose of this study is to analyze binary options from an economic and jurisprudential point of view. These are a type of exotic ones that can be used, like other options contracts, to cover risk, arbitrage and speculation. The present study, while examining the economic nature of this type of authority, answers the question of whether these powers are also legally legitimate. The method used in this research is the conventional analytical-ijtihad method in the analysis of Islamic financial markets. The present study, while examining the types of binary options and presenting different strategies of their transactions, has examined the nature of options and especially binary options through different contracts. The results indicate that some models of this option can be corrected in the form of contracts such as basic peace, sale of rights and basic conditions, and some models are only in the form of insurance contracts and others are examples of gambling. Accordingly, only some types of this contract can be used in Islamic financial markets.https://ifr.isu.ac.ir/article_75925_4d046659e1ad67b44d425b5a1266bd1f.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Designing Tradable Life Insurance Policy in Secondary Market Based on Imamiah JurisprudenceDesigning Tradable Life Insurance Policy in Secondary Market Based on Imamiah Jurisprudence2592907588410.30497/ifr.2021.11912.1385FAMohammad JavadPakniatPh.D. Student, Faculty of Management, Allameh Tabatabaee University, Tehran, Iran0000-0002-5352-1446Mohammad HosinGavamAssistant Professor of Finance Department, Imam Sadiq University, Tehran, Iran0000-0001-5556-7846Journal Article20211123Life insurance as one of the practical financial instruments in conventional finance and Shariah- approved contracts, has been very important. The thesis is aimed at solving one of the fundamental problems of insurance companies and policy holders i.e. the cancelation of policy before its maturity. It should be noted that the method of research in this study is multi-stage ijtihad. The research has suggested the solution to this problem as tradable life insurance (Traded Life Policy). And since no research has been carried out in Iran on this issue regarding the potential of life insurance contracts, in the first step the quiddity of life insurance and its settlement have been investigated and explained. In the next step, the jurisprudential and technical dimensions of designing this instrument in Iran according to Imamiah fiqh have been analyzed. Also, by employing the multi-stage ijtihad research method approach, an interview was conducted with Iranian insurance industry and Islamic financial experts at technical and jurisprudential levels of the subject. The results of the research and proposed model have been moderated and finalized with expert comments. The legal and technical dimensions of the subject have been presented comprehensively and the suggested model of “selling beneficiary right with submission of life insurance contract” has been finalized with the Shariah considerations of the experts. The correctness of the suggested model has gained the approval of fiqh authorities (maraje’) and has received religious certificates. Thus, life insurance could be traded legally and technically, according to the model presented here.Life insurance as one of the practical financial instruments in conventional finance and Shariah- approved contracts, has been very important. The thesis is aimed at solving one of the fundamental problems of insurance companies and policy holders i.e. the cancelation of policy before its maturity. It should be noted that the method of research in this study is multi-stage ijtihad. The research has suggested the solution to this problem as tradable life insurance (Traded Life Policy). And since no research has been carried out in Iran on this issue regarding the potential of life insurance contracts, in the first step the quiddity of life insurance and its settlement have been investigated and explained. In the next step, the jurisprudential and technical dimensions of designing this instrument in Iran according to Imamiah fiqh have been analyzed. Also, by employing the multi-stage ijtihad research method approach, an interview was conducted with Iranian insurance industry and Islamic financial experts at technical and jurisprudential levels of the subject. The results of the research and proposed model have been moderated and finalized with expert comments. The legal and technical dimensions of the subject have been presented comprehensively and the suggested model of “selling beneficiary right with submission of life insurance contract” has been finalized with the Shariah considerations of the experts. The correctness of the suggested model has gained the approval of fiqh authorities (maraje’) and has received religious certificates. Thus, life insurance could be traded legally and technically, according to the model presented here.https://ifr.isu.ac.ir/article_75884_9782a97d125055790263486252f42675.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Post-Transaction Processing Operations in the Blockchain Platform; a Model for Using Fintech in Islamic FinancePost-Transaction Processing Operations in the Blockchain Platform; a Model for Using Fintech in Islamic Finance2913327594010.30497/ifr.2021.240952.1620FARobabMansouriM.A. Student, Faculty of Economics, Kharazmi University, Tehran, Iran0000-0003-2572-8287MehdiGhaemi AslAssistant Professor, Faculty of Economics, Kharazmi University, Tehran, Iran0000-0002-2246-2914Journal Article20210511Large-scale financial operations are carried out every day in the financial markets. The stability and efficiency of this system rely on a solid infrastructure for the transfer and settlement of these transactions. This article analyzes the role that blockchain can play in improving these processes. Post-transaction processes enable buyers and sellers to exchange details, verify their activities, change ownership of documents, and exchange security. Studies have shown that the model of post-transaction processing operations based on blockchain can increase efficiency and improve their compliance with the principles of jurisprudence (fiqh) and Sharia, especially the “harmless rule” (la-zarar) and the Darya barrier (blocking the ways of evil). Also, the transparency of the blockchain network reduces the possibility of fraud and misconduct. On the other hand, the disadvantages of the current process such as delays in obtaining ownership transfer confirmation, inconsistent information, participation risk, operational risk, settlement ambiguity, the complexity of trust accounts, and costly intermediaries are minimized, which in turn leads to the improvement of compliance with Islamic jurisprudence.Large-scale financial operations are carried out every day in the financial markets. The stability and efficiency of this system rely on a solid infrastructure for the transfer and settlement of these transactions. This article analyzes the role that blockchain can play in improving these processes. Post-transaction processes enable buyers and sellers to exchange details, verify their activities, change ownership of documents, and exchange security. Studies have shown that the model of post-transaction processing operations based on blockchain can increase efficiency and improve their compliance with the principles of jurisprudence (fiqh) and Sharia, especially the “harmless rule” (la-zarar) and the Darya barrier (blocking the ways of evil). Also, the transparency of the blockchain network reduces the possibility of fraud and misconduct. On the other hand, the disadvantages of the current process such as delays in obtaining ownership transfer confirmation, inconsistent information, participation risk, operational risk, settlement ambiguity, the complexity of trust accounts, and costly intermediaries are minimized, which in turn leads to the improvement of compliance with Islamic jurisprudence.https://ifr.isu.ac.ir/article_75940_a69c4b214bd8d4c913885557a4ee8bc5.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Social Responsibility in Islamic Banking; a Model for Influencing SocietySocial Responsibility in Islamic Banking; a Model for Influencing Society3333627614010.30497/ifr.2022.241305.1642FASeyyed AkbarSeyyed HashimiPh.D. Candidate of Administrative Management, Management Department, Ardabil Branch, Islamic Azad University, Ardabil, Iran0000-0002-0911-2389ShahramMirzaei DaryaniAssistant Professor, Management Department, Ardabil Branch, Islamic Azad University, Iran0000-0002-9358-3190MajidAhmadluAssistant Professor, Management Department, Ardabil Branch, Islamic Azad University, IranFarzadSattari AredebiliAssistant Professor, Management Department, Ardabil Branch, Islamic Azad University, Iran0000-0001-9734-7921Journal Article20211128Social good is beyond the normal functioning of organizations based on legal requirements, so that some describe it as the impact of organizations' behavior on society and some as a process of merging organization and society. Islamic banking, therefore, which is derived from Islamic and jurisprudential contracts, takes responsibility as a basic principle for a comprehensive understanding of the internal relationship between the bank and society. This lasting commitment resulting from ethical behavior leads to the development of the quality of life of individuals and the economic development of the country, which unfortunately has not received due attention. The purpose of this article is to explain this concept in the Islamic banking system in Iran. Findings show that among the four dimensions studied (legal, economic, benevolent and moral), moral responsibility has the highest functionality, which reflects environmental expectations.Social good is beyond the normal functioning of organizations based on legal requirements, so that some describe it as the impact of organizations' behavior on society and some as a process of merging organization and society. Islamic banking, therefore, which is derived from Islamic and jurisprudential contracts, takes responsibility as a basic principle for a comprehensive understanding of the internal relationship between the bank and society. This lasting commitment resulting from ethical behavior leads to the development of the quality of life of individuals and the economic development of the country, which unfortunately has not received due attention. The purpose of this article is to explain this concept in the Islamic banking system in Iran. Findings show that among the four dimensions studied (legal, economic, benevolent and moral), moral responsibility has the highest functionality, which reflects environmental expectations.https://ifr.isu.ac.ir/article_76140_f5eee57150384947e2735d75dfe69e25.pdfImam Sadiq University"Islamic Finance Research" (IFR)2251-829011120211023Theoretical Dynamics of Usury and Interest Analysis in the Economic Thought of Scholastic Thinkers (12th to 17th Centuries); Implications for Islamic EconomicsTheoretical Dynamics of Usury and Interest Analysis in the Economic Thought of Scholastic Thinkers (12th to 17th Centuries); Implications for Islamic Economics3633927597710.30497/ifr.2022.241941.1673FAMohammad HoseinBahmanpour KhalesiPhD student of Islamic Studies and Economics, Faculty of Islamic Studies and Economics, Imam Sadiq University, Tehran, Iran0000-0003-1021-6393Mohammad JavadSharifzadehAssociate Professor, Faculty of Islamic Studies and Economics, Imam Sadiq University, Tehran, Iran0000-0002-6952-182XJournal Article20211006Studying the background of the formation of economic institutions as well as the theoretical dynamics of its analysis in the face of a religious thought can have significant implications for Islamic economics and finance. For this purpose, this study examines the theoretical dynamics of interest and usury analysis in the economic thought of scholastic thinkers and examines its implications for Islamic economics. The results show that the early scholastic thinkers used two approaches, subjective and objective, as well as two mechanical and teleological methods to analyze usury. Nevertheless, factors such as the transition from formalism, extremism in the teleological view, the evolution of the worldview, and the modern confrontation with the precepts of the Shari'a caused the analysis of usury in scholastic thought to show a significant shift towards purposeful and subjective analysis. School thinkers had a considerable understanding of the difference between interest and usury, and therefore considered interest as an income imposed by external factors, and accordingly introduced the three components of loss, profit stop and risk as the main areas of interest. Finally, attention to the analysis and thematics of usury as a mission for religious thinkers, attention to subjective analytical approaches to human understanding of phenomena and the application of a goal-oriented approach along with the mechanical approach and paving the way for religious norms to be analyzed for Islamic economics and finance are among the most important implications of this study.Studying the background of the formation of economic institutions as well as the theoretical dynamics of its analysis in the face of a religious thought can have significant implications for Islamic economics and finance. For this purpose, this study examines the theoretical dynamics of interest and usury analysis in the economic thought of scholastic thinkers and examines its implications for Islamic economics. The results show that the early scholastic thinkers used two approaches, subjective and objective, as well as two mechanical and teleological methods to analyze usury. Nevertheless, factors such as the transition from formalism, extremism in the teleological view, the evolution of the worldview, and the modern confrontation with the precepts of the Shari'a caused the analysis of usury in scholastic thought to show a significant shift towards purposeful and subjective analysis. School thinkers had a considerable understanding of the difference between interest and usury, and therefore considered interest as an income imposed by external factors, and accordingly introduced the three components of loss, profit stop and risk as the main areas of interest. Finally, attention to the analysis and thematics of usury as a mission for religious thinkers, attention to subjective analytical approaches to human understanding of phenomena and the application of a goal-oriented approach along with the mechanical approach and paving the way for religious norms to be analyzed for Islamic economics and finance are among the most important implications of this study.https://ifr.isu.ac.ir/article_75977_0c3f8e8980b45ae7f27f22c4f95ad90c.pdf