ebrahim jasim

8/23/2019 Ebrahim Jasim

http://slidepdf.com/reader/full/ebrahim-jasim 1/191

يليليليل

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مل يف مل مل يف مل مل يف مل مل يف مل

جم ىل يفيف يفجم ىل يفجم ىل جم ىل

يف ري يف ريمل يف ريمل يف ريمل مل

حم حم حم حم



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Wealth Of Nations, R. H. Campbell & A.S. Skinner (Ed.), Vol. I,(Indianapolis: Liberty Fund, 1981). P. 263

109. Rajesh Aggarwal & Tarik Yousef, Islamic Banks and Investment

Financing, (http://ssrn.com/abstract=845)110. Dahlia El – Hawary, Wafik Grais & Zamir Iqbal, Regulating

Islamic Financial Institutions: The Nature of the Regulated, WorldBank Policy Research Working Paper 3227, March 2004

111. Juan Solé, Introducing Islamic Banks into Conventional BankingSystems, IMF Working Paper, July 2007



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Abstract

Studying speculation ( mudharaba) in the Islamic banks is considered

one of the Islamic economy field studies, it deals with speculation in

Islam and the importance of the Islamic bank.

The research studies the relation among the speculation parts. There

are different explanations for this relation due to the different Islamic

explanations of the banks’ works , in a special degree, and due to the

thinkers different ways of looking at the economic problem nature in

Islam.

At this point, the evaluation difficulties in the Islamic banks studies became more and more, as well as conducting the comparisons among

these studies.

The Islamic banks face great risks with the speculation due to the

misbehaviour of some individuals of the banks’ agents, which is a moral

reason between the Islamic bank and the other banks.

The study consists of three chapters. The first chapter has two topics,the fist studies the speculation concept in the Islamic jurisprudence, while

the second studies the nature and conditions of speculation contract.

The second chapter is devoted to the Islamic banks, their existence

and development, and the ways of financing in these banks, this chapter is

divided into two topics; the first is a study of works in the Islamic bank

and the stage of its development on the applied level, the second is astudy of the most important ways of financing in the Islamic bank.

The third chapter consists of two topics also. The obstacles that the

Islamic applying of the speculation in the Islamic banks face had been

studied in the first topic. The second topic is a try for developing the

speculation in the Islamic bank. The study is concluded with the results

and conclusions reached and the recommendations.



Throughout studying the basic points of speculation in the Islamic

banks, we found that the main obstacle is how does the Islamic bank get

the needed money, especially in the unusual cases. The problem here is

there is no strong relation between the Islamic banks and the central

banks which affords financial facilities for the non-Islamic banks, but not

for the Islamic bonks because these banks refused the benefit because it is

illegal. On another side,there is another reason which is that the Islamic

banks are limited in their transactions which cause their loose in the crisis

that usually occur in the financial market because they cannot compete

with the other large banks.Due to these factors, the Islamic banks cannot invest their money in

huge projects because these projects involve a long-term investment.

Though there are many studies in this field, this study is a try to look

at the future of applying speculation in the Islamic system, and to answer

a set of questions such as: is it possible to apply successfully a

speculation contract to finance the Islamic banks? Is it possible toovercome the problem that speculation contract face?



University of Kufa

College of Administration and Economics

Department of Economy

The Problematic of Applying Mudharaba in the Islamic Banks

ebrahim jasim

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