اسلامی بینکاری کے مسائل امکانا ت اوراشکالات

Islamic Banking Problems Prospects and Drawbacks

Abstract

Today it is not possible to avoid banking system in matters of trade and transactions at national and international level. But when it comes to Islamic banking, many jurisprudential issues arise, for example, what will be the status of bank accounts.The people of Islam wish to introduce a system of Islamic banking that is in accordance with Islamic rules and regulations Islamic banking can be operated according to two business principles of partnership and mutuality But unfortunately, in Islamic banks, loans are transacted on the basis of Murabaha and Ijarah, which many Islamic thinkers are not satisfied with.And they look at the Islamic banking system with the eyes of concern. The most basic condition of Islamic banking is that it should be free of interest along with full compliance with Sharia rules. It is a major weakness in Islamic banking that while using Murabahah and Ijarah in financing activities, they adopt the mutual interest rate of prevailing banks as a standard to determine their profit. In the same way, providing goods to people in installments, even if it has been declared permissible by the jurisprudents, but the principles of Shariah are neglected in it. That is, the bank provides capital to the desired person to purchase the desired item and return the principal amount and the bank's profit to the bank in installments. And if the bank buys the items itself and keeps its profit on it and gives it to the people in installments, then this method can be compatible with the principles of Shariah. In the same way, bank accounts should be replaced by Mudarabat and partnership and the account holders should be bound by a time frame for how long the account holders want to do business. Also, if an account holder wants to withdraw his money before the due date, at what rate should he be given interest?In this way the problems can be solved .