مشكلة الفوائد و البنوك الإسلامية

Abstract

Abstract Financial interest rate dealing were considered as a serious problematic in modern financial treatments. In this context, its practice was forbidden and has been looked down upon in the three religions. Also, interest transaction was viewed negatively by most of jurists, economists and philosophers because of its social and economic damages. Nevertheless, dealing with interests was allowed by most modern laws. For this reason, transactions of modern banks include interest which leads to inflation and periodic financial crises. Under those conditions, and to solve this problematic, Islamic banks were a perfect solution because their instructions and laws forbid the interest dealing and their principle of al-ghounm bi al-ghourm which means benefits related to the real production. However, Islamic banks, and despite of the efficiency of their financial methods, have a profit conflict with the other banks and the traditional banking systems, that adopt interest in all their transactions. As a result, the Islamic banks, in this context, were influenced by those laws, and its attempt to control and exchange interest rates by profit rates confront some difficulties. So the experts called for more effort to define an Islamic index finding from the margin profits and far-of interest index to the financial transactions with term, and to establish an Islamic law that define those practices in the Islamic banks. Now those objectives are relatively reached because of the progress of the Islamic financial engineering in some 75 countries over the world