Jurisprudential Feasibility of Receivable – Backed Securities Dividends

• Main Authors: Mohammad Javad Mohagheghnia, Amir Hossein Erza
• Format: Article
• Language: fas
• Published: Imam Sadiq University 2013-10-01
• Series: تحقیقات مالی اسلامی (پیوسته)
• Subjects: securitization; receivable dividends; asset-backed securities; jurisprudence
• Online Access: http://ifr.journals.isu.ac.ir/article_1649_d4e54a8880a6855dee311f7f5d23bb2c.pdf

The main aim of this research is jurisprudential feasibility of receivable-backed securities dividends. Liquidity management and correct guidance of them toward the productive sector is necessary for a developing country. Due to the high percentage of receivable dividend in Iran's capital market and the time-consuming nature of receivable dividend in investment companies, which leads to reducing the power of liquid assets and liquidity in these companies, receivable-backed securities dividends are so important to finance the financial institutions. In this study, the operational model was designed by library studies and by considering legal and juridical aspects. To confirm the designed model and feasibility of these securities, the researcher used financial-juridical experts' opinions with the help of interviews and questionnaires. Sample members were 9 people who had financial and jurisprudential knowledge and experience in these fields. Based on the survey of the relevant literature and the researcher's own rationale and sample experts' opinions, there is capability for issuing the receivable-backed securities dividend in Iran's capital market, provided the presented model's conditions are met.