Credit Cards: Contemporary Issues from Economic and Shariah Perspective: Monzer Kahf and Amiirah Nabee Mohomed بطاقات الائتمان: قضايا معاصرة من منظور اقتصادي وشرياني: منذر قحف وأميرة نبي محمد

Mahmoud Sami Nabi ()
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Mahmoud Sami Nabi: Associate Professor of Economics at Tunisia Polytechnic School

Journal of King Abdulaziz University: Islamic Economics, 2016, vol. 29, issue 1, 105-108

Abstract: In this paper, the authors try to motivate the necessity to propose a credit card which meets the Shariah compliance criteria. They begin by a thoughtful definition of a credit card and a description of its operational mechanism. Then, they presented its different types and its advantages from an economic and business perspective for the involved parties. The authors show after that how the issuing and use of credit cards deviated from its original goal as facilitator of transactions and financing, to become a generator of prestige competition, higher indebtedness and consumerism. This deviation has been also accompanied with increased competition between the issuers of credit cards (namely banks). The latter find, in the securitization of credit cards debts, a new channel to raise additional sources of funding. في هذه الورقة ، يحاول المؤلفون تحفيز ضرورة اقتراح بطاقة ائتمان تتوافق مع معايير الالتزام الشرعية. وهي تبدأ بتعريف مدروس لبطاقة الائتمان ووصف لآليتها التشغيلية. ثم قدموا أنواعها المختلفة ومزاياها من منظور اقتصادي وتجاري للأطراف المعنية. يظهر المؤلفون بعد ذلك كيف أن صرف وإصدار بطاقات الائتمان انحرف عن هدفها الأصلي كمسهل للمعاملات والتمويل ، ليصبح مولدًا للمنافسة ، والمديونية الأعلى والاستهلاك. وقد صاحب هذا الانحراف أيضا زيادة المنافسة بين مصدري بطاقات الائتمان (أي البنوك). وجدت هذه الأخيرة ، في توريق الديون بطاقات الائتمان ، قناة جديدة لرفع مصادر إضافية للتمويل.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:29:y:2016:i:1:no:9:p:105-108

DOI: 10.4197/Islec.29-1.9

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