الخلاصة:
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