Internet Banking Law: An Iranian Perspective Problems and Prospects of Introducing Islamic Microfinance in Azerbaijan Republic

Mostafa Elsan
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Mostafa Elsan : Azarbaijan University of Tarbiat Moallem

Journal of Money and Economy, 2009, vol. 5, issue 2, 85-102

Abstract: Bank supervision and monetary policy are strategic concepts in the economy of countries. Development of electronic communications, especially in online and international spheres, has largely threatened financial services in view of security and illegal access to banking networks. Anonymity and identity theft has endangered electronic commerce by crimes like phishing, fraud and different types of unauthorized access. However these probabilities which sometimes become true have not stopped developing fleet of World Wide Web. In fact successful experience in internet banking indicates the necessity of use of new technologies to facilitate and expedite electronic commerce. In this paper, different legal aspects of internet banking have been analyzed briefly from Iranian law perspective.

Keywords: Internet Banking; Iranian Electronic Commerce Act; Phishing; Supervision and Monetary Policy (search for similar items in EconPapers)
JEL-codes: O31 (search for similar items in EconPapers)
Date: 2009
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