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Financial Investments in Islamic Economic Thinking in Relation to the Iraqi Islamic Bank for Investment and Development

المصدر: مجلة القادسية للعلوم الإدارية والاقتصادية
الناشر: جامعة القادسية - كلية الادارة والاقتصاد
المؤلف الرئيسي: Awad, Mousa Khalaf (Author)
مؤلفين آخرين: Sarham, Bassam Malik (Co-Author)
المجلد/العدد: مج23, ع2
محكمة: نعم
الدولة: العراق
التاريخ الميلادي: 2021
الصفحات: 50 - 59
ISSN: 1816-9171
رقم MD: 1234948
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
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المستخلص: Financial transactions in Islam are considered one of the legislations that it has set following the rules of which the purpose is a commitment to what God commanded and a compassionate Islamic society, and Islam is keen on sufficiency and justice in the Islamic economy, as it has been concerned with organizing transactions between people in a way that guarantees to build a cohesive and compassionate Islamic society. In fact, financial transactions in Islam are considered one of the legislations that it has set in accordance with the rules of which the purpose is a commitment to what God commanded. Moreover, financial transactions play an important part in the Islamic economic system, allowing for true economic and financial transactions in all financial institutions, whether they are Islamic banks or other financing institutions. The research challenge is that keeping up with global financial transaction growth is followed by financial transaction risks. Islamic financial contract formulas are more stable, but they require legal adaptation to keep up with these changes. The research seeks to illustrate financial transactions in Islam and their money of great significance in the day-to-day dealings of the citizen and Muslim communities and in the organization of dealings in compliance with the values of Islamic law in a way that serves the general interest of society. The most critical suggestions made by the research are the need to emphasize the role that Islamic financial transactions play in economic activity, as they are actual transactions free of Usury (Riba), and to enable banks and financial institutions to follow commercial formulas accepted by the Islamic regime in any way because of their great economic significance in economic activity in general and banking activity in particular.

ISSN: 1816-9171

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