Scintific Journal of "Islamic Finance Researches" (IFR)

Jurisprudential principles of the country's banking system interaction with foreign and international banks and institutions

Document Type : Science - Research (Islamic Banking)

Author

Assistant Professor, Department of Economics, Imam Khomeini Education and Research Institute,

Abstract

Today, the central bank and many banks in the country interact with foreign banks and international institutions.

Considering that the conventional banking system is based on interest rates - that is, loan usury - and they are not obliged to observe the frameworks of Islamic law in their activities, interaction with such banks will inevitably place the bank in the vicinity of divine prohibitions; Unless the mentioned interaction is defined in the framework of jurisprudential principles.

For this purpose, in the present article, which has been done by analytical-descriptive method, rules and regulations for the interaction of the central bank and the country's banks with foreign banks and international institutions have been extracted;

Including: the rule of negation of the mustache; The sanctity of strengthening infidelity, the rule of obligation, the permission to abstain from the property of a military infidel, the permission to receive usury from a military infidel; And in each case, adaptations are mentioned.

According to the rules and regulations, banks are also divided into several categories to pay attention to the relevant rules and regulations for interaction with each category.

Finally, examples of interaction of the country's banks with foreign banks and international institutions are listed that the aforementioned rules and regulations can be effective in the type of interaction.

Keywords

https://farsi.khamenei.ir/treatise-content?id=121#1355
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Scintific Journal of
Volume 10, Issue 2 - Serial Number 20
May 2021
Pages 757-788
  • Receive Date: 26 May 2021
  • Revise Date: 14 September 2021
  • Accept Date: 14 November 2021