Define Islamic instruments
Relevant Define Islamic instruments Definition of peace The function of money in Islam World Bank definition In this article you will learn what Islamic instruments and defined, and the types of these instruments, and their advantages and disadvantages, and everything related to them.
Relevant Define Islamic instruments
Islamic instruments or so-called "Islamic securities" is a version of official documents and financial certificates equal to the value of a common share in ownership, whether the benefit, or right, or a mixture of both, or a sum of money or religion, where such ownership or under construction, and is issued by a legitimate contract is bound by its provisions.
The principle of Islamic bonds based on participation in "financing" project or investment is long or short, depending on the rule of legality which States "balgharm" sheep any participation in profit and loss, and is equal to what is known as global trade, finance and corporate stock system. We share the same instruments as an Islamic system, where a company is created, the participants involved in the creation of this company by introducing quotas shared by everyone according to his desire, and then put these instruments to IPO and sold to individuals by the price, and the holder of the instrument the right to participate in administrative, capital and trade, and the right to inheritance, donation and all related financial transactions.
May Islamic banks or finance houses to issue such instruments after the project is created, and the work is done according to the laws of the country in which the project, there is a legitimate body to control, to ensure that all these instruments are in accordance with the provisions of Islamic law and principles, and in accordance with state laws and decisions.
Islamic instruments types
There are many different types of Islamic instruments types, which differ according to the purpose and types of these instruments:
- Investment instruments are securities refers to the right of ownership of the project, which is financed from the funds of these instruments, and the proportion of the profits from the project bearer as agreed, and where profit and loss.
- Speculative instrument used by the trader to use this instrument in the financing of a project is the Director and administrator of it as-rackets-, to get a certain share of the profits from the project. Meaning that gets a value and a greater proportion of other instruments because it works in addition to the funded project is Project Manager, too, and not calculated his loss.
- Istisna'a instrument, and are issued by the Government or some companies that want to finance big projects in the country, such as infrastructure projects.
- Instrument of murabaha is the same value as the purpose for which it was purchased in a project, and have a profit of instrument equipment purchase and sale by murabaha.
- Participating instrument and is closest to the principle of equity, issued by project sponsors and agents.
- Instrument leasing, which leased property, profit from its rental value of these instruments.
- The instrument of Commerce, is itself the so-called "instruments" and requesting the Government to financial institutions such as banks to issue such instruments to be used in the purchase of materials by selected as murabaha.
- There are many kinds of other types of instruments that don't speak to explain all, including peace instrument, and the instrument, and the instrument of the farmer, and almgharsh instrument, and the instrument of musaqat, instrument services, and many other types of instruments.
The characteristics of Islamic instruments
These instruments, which find it much turnout from Muslims who observe in their money not consuming people's Haram, which is at the same time an ideal solution for many schemes. These instruments provide liquidity for entrepreneurs with short and fast, is for investors with less risk than others, so it can be sold in case of loss, and the system relies on the principles of the Islamic Shariah, is a far cry from the RIBA and its benefits, and does not represent the religion. These instruments will help the Government and owners of large enterprises in financial deficit, is also useful where it can be used in the West Bank, and can be traded globally.
In addition, Islamic bonds to help increase opportunities for investment in projects, and this has played a positive role in increasing the strength of the State economy and activate and enhance growth quickly and efficiently, as it helps to increase the capacity of the State to build economic development plans and the creation of deliberative markets and increasing percentages of savings by individuals and expand investment projects.
These useful instruments for Islamic banks, seeking to achieve consensus among banks and investment funds, these instruments help albenot expand the depth of the financial market and increase its use and therefore do not suffer problems or risks from the lack of financial liquidity. It is also a replacement for bonds that can work in Islamic banks, thereby increasing the global regime for banks.
It also studies and research has shown that these instruments played a major role in increasing the volume of financial investment, which reflected positively on the State economy, and this will be reflected positively also on income per capita and national income in General, and also help reduce unemployment in the country, all interrelated and help to increase the demand for goods and services provided by the State, which contributes to increase production, thereby reviving the State's economy, improve its strategic position in all other respects.
Disadvantages of Islamic instruments
Despite the many benefits of Islamic bonds, but it has some downsides and flaws, that these altakok are property and lease contracts, less "contracts, the absence of a clear plan and a good strategy for reclaiming ownership of the instrument, the individual cannot own an asset or project you wish. Also, there are no restrictions for the sale of individual instruments, and this may cause some problems in almsharih which cannot impose your opinion, any partner may be had without the word in it.
More States dealing with Islamic instruments
After finding the perfect solution and the best alternative to stocks, many resorted to Islamic countries, including the GCC of "the UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, and Malaysia, Iran, Sudan, and Pakistan. As some foreign as well as using this system such as Germany, Britain, Japan, and others.
The U.A.E. and the first country in this area, which started when the instruments according to the Islamic Sharia, which was the first commercial bank that deals with instruments "dib" in 1975, and there are also Bank Ajman, and Al Hilal Bank. Emirates benefited greatly from these instruments, issuing seven billion dollars worth of these instruments in 2006, and in 2007 were issued worth twelve billion dollars. One of the main UAE projects funded by these alshok Khalifa port "project" and "free zone".
Please Share
Category: Islamic transactions
0 komentar