Author
Abstract
The rate of interest performs important economic functions. It brings saving into balance with investment, it rations the available credit, it balances the supply with the demand of money, and it can be used by the monetary authority to manage the economy. The prohibition of interest in Islam necessitates looking for alternatives which can perform the same functions. In this work, a model for the rate of return is suggested, the saving function and the investment function were suggested and equilibrium conditions were specified in the long run and the short run. This work consists of three chapters, in which the prohibition of interest and factors affecting saving and investing behaviors in Islamic economic are discussed, and interest rate, factors affecting its behavior are discussed. Then a model of rate of return in Islamic economics and the saving and the investment function were discussed within the Islamic financial system. يقوم سعر الفائدة بوظائف اقتصادية هامة في الاقتصاد، فهو يؤدي إلى توازن الادخار مع الاستثمار، ويؤدي إلى ترشيد الائتمان المتاح في الاقتصاد، ويؤدي إلى توازن الطلب على النقود مع عرضها، ويستخدم من قبل السلطات النقدية في إدارة الاقتصاد. إن تحريم الفائدة في الاقتصاد الإسلامي يستوجب البحث عن بديل لسعر الفائدة يستطيع أن يمارس نفس وظائفه، وهذه المقالة تحاول البحث عن البديل، وتقترح معدل العائد في الاقتصاد، كما اقترحت دالة ادخار واستثمار وشروط توازنها في الأجل الطويل والقصير وبالتالي معدل العائد الطويل والقصير الأجل. ومن خلال ثلاثة أقسام ناقشت المقالة تأثير تحريم الفائدة على السلوك الادخاري والاستثماري في اقتصاد إسلامي، ثم قامت بوضع نموذج لمعدل العائد في اقتصاد إسلامي وكيفية تحديده والعوامل المؤثرة فيه في نظام مالي إسلامي.
Suggested Citation
Abdul Rahim A. Al-Saati, 2008.
"Towards a Model for Rate of Return in Islamic Economics نحو نموذج لمعدل العائد في الاقتصاد الإسلامي,"
Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 21(2), pages 3-28, July.
Handle:
RePEc:abd:kauiea:v:21:y:2008:i:2:no:6:p:3-28
DOI: 10.4197/islec.21-2.6
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