Bank Securities (Stocks); Changing Banking Facilities into Securities in Non-usurious Banking

One of the most common methods of financing to which banks repeatedly resort nowadays is, in addition to planning different kinds of bank deposits, to distribute securities supported by bank facilities. The application of such tools is highly experienced in the current banking. In fact, enjoying suc...

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Main Authors: Sayyed Abbas Mousavian, Balal Faridi Vosogh, Ali Farhadi
Format: Article
Language:fas
Published: Imam Sadiq University 2011-10-01
Series:تحقیقات مالی اسلامی (پیوسته)
Subjects:
Online Access:http://ifr.journals.isu.ac.ir/article_1518_464b820e8a1f1ac56b1c71d25142eacf.pdf
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spelling doaj-734b7d5ea2d541b493e3c1800272da442021-04-02T12:05:58ZfasImam Sadiq Universityتحقیقات مالی اسلامی (پیوسته)2251-82902588-65842011-10-01111171501518Bank Securities (Stocks); Changing Banking Facilities into Securities in Non-usurious BankingSayyed Abbas Mousavian0Balal Faridi Vosogh1Ali Farhadi2Professor of the Institute of Islamic Culture and ThoughtMaster of Financial ManagementMaster of Financial ManagementOne of the most common methods of financing to which banks repeatedly resort nowadays is, in addition to planning different kinds of bank deposits, to distribute securities supported by bank facilities. The application of such tools is highly experienced in the current banking. In fact, enjoying such instruments, banks have the intention to renew their resources in their attempt to enhance their power of granting credit facilities. However, such tools are not highly common in Islamic banks, including the ones across Iran. <br />After the law of stock market was ratified in 1384 and 1388, legal grounds necessary to plan and distribute different kinds of new securities were provided. Now Iranian banks are also able to finance through capital market with the help of planning and distribution of new financial tools, especially via changing of bestowed facilities into securities. <br />The present study is seeking to introduce such tools in three sections. In the first section, taking a glance look at the history of changing bank assets into securities in conventional banking and Islamic banks, the research will clarify the goals, performance and pathology of changing bank assts into securities. The second section deals with designing suitable financial instruments for the changing of bank assets into securities in Iran banking system. It will also be explained that such tools should have the following characteristics: first, they should be acceptable by jurisprudential standpoint; second, they should be consistent with monetary and financial laws and rules of Iran; third, regarding the role of such tools in the occurrence of current financial crisis, they should not be crisis-making. In the last section, the study will try to examine possible risks of the designed instruments and the ways to manage them.http://ifr.journals.isu.ac.ir/article_1518_464b820e8a1f1ac56b1c71d25142eacf.pdfbank securitiespapers of mortgaged interestrenting-for purpose of-possession papersrisk management
collection DOAJ
language fas
format Article
sources DOAJ
author Sayyed Abbas Mousavian
Balal Faridi Vosogh
Ali Farhadi
spellingShingle Sayyed Abbas Mousavian
Balal Faridi Vosogh
Ali Farhadi
Bank Securities (Stocks); Changing Banking Facilities into Securities in Non-usurious Banking
تحقیقات مالی اسلامی (پیوسته)
bank securities
papers of mortgaged interest
renting-for purpose of-possession papers
risk management
author_facet Sayyed Abbas Mousavian
Balal Faridi Vosogh
Ali Farhadi
author_sort Sayyed Abbas Mousavian
title Bank Securities (Stocks); Changing Banking Facilities into Securities in Non-usurious Banking
title_short Bank Securities (Stocks); Changing Banking Facilities into Securities in Non-usurious Banking
title_full Bank Securities (Stocks); Changing Banking Facilities into Securities in Non-usurious Banking
title_fullStr Bank Securities (Stocks); Changing Banking Facilities into Securities in Non-usurious Banking
title_full_unstemmed Bank Securities (Stocks); Changing Banking Facilities into Securities in Non-usurious Banking
title_sort bank securities (stocks); changing banking facilities into securities in non-usurious banking
publisher Imam Sadiq University
series تحقیقات مالی اسلامی (پیوسته)
issn 2251-8290
2588-6584
publishDate 2011-10-01
description One of the most common methods of financing to which banks repeatedly resort nowadays is, in addition to planning different kinds of bank deposits, to distribute securities supported by bank facilities. The application of such tools is highly experienced in the current banking. In fact, enjoying such instruments, banks have the intention to renew their resources in their attempt to enhance their power of granting credit facilities. However, such tools are not highly common in Islamic banks, including the ones across Iran. <br />After the law of stock market was ratified in 1384 and 1388, legal grounds necessary to plan and distribute different kinds of new securities were provided. Now Iranian banks are also able to finance through capital market with the help of planning and distribution of new financial tools, especially via changing of bestowed facilities into securities. <br />The present study is seeking to introduce such tools in three sections. In the first section, taking a glance look at the history of changing bank assets into securities in conventional banking and Islamic banks, the research will clarify the goals, performance and pathology of changing bank assts into securities. The second section deals with designing suitable financial instruments for the changing of bank assets into securities in Iran banking system. It will also be explained that such tools should have the following characteristics: first, they should be acceptable by jurisprudential standpoint; second, they should be consistent with monetary and financial laws and rules of Iran; third, regarding the role of such tools in the occurrence of current financial crisis, they should not be crisis-making. In the last section, the study will try to examine possible risks of the designed instruments and the ways to manage them.
topic bank securities
papers of mortgaged interest
renting-for purpose of-possession papers
risk management
url http://ifr.journals.isu.ac.ir/article_1518_464b820e8a1f1ac56b1c71d25142eacf.pdf
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AT alifarhadi banksecuritiesstockschangingbankingfacilitiesintosecuritiesinnonusuriousbanking
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