Absorbing the Qarz Al’Hasan Deposits by Islamic Financial Instruments (Sukuk)

• Main Author: Abolghasem Tohidinia
• Format: Article
• Language: fas
• Published: Imam Sadiq University 2012-04-01
• Series: تحقیقات مالی اسلامی (پیوسته)
• Subjects: qarz al’hasan; islamic finance instruments; sukuk
• Online Access: http://ifr.journals.isu.ac.ir/article_1526_546c0eccec91749563d1b8c9d7ce80e8.pdf

Nowadays, because of the economic circumstances of our society, on one hand many persons are eligible to borrow the Qarz Al’Hasan loan and on the other hand there are not sufficient funds to for paying to the Qarz Al’Hasan loan applicants. But the Qarz Al’Hasan Bank has been instituted to expand and promote the culture of Qarz Al’Hasan and also to answer the poor’s financial needs in the society. So, it seems necessary to find a solution for the problem of liquidity shortage in the Qarz Al’Hasan Bank. For this purpose, in this paper it is tried to show that the rigid mechanism that is used for absorbing the Qarz Al’Hasan deposits and paying Qarz Al’Hasan loans may be one reason for the problem. If so, It is tried to introduce other mechanisms -that are based on issuing the Sukuk- for solving the problem. Hence, the paper shows how the Qarz Al’Hasan Bank can solve its problem by playing the role in the components of Sukuk.