Explaining the Criteria of Ethics in Islamic Banking

Fatemeh Vahedi Monfared (), Mohammad Vaez Barzani () and Mehdi Toghyani ()
Additional contact information
Fatemeh Vahedi Monfared: Graduated from Master of Economics, University of Isfahan
Mohammad Vaez Barzani: Associate Professor of Economics, University of Isfahan
Mehdi Toghyani: Assistant Professor of Economics, University of Isfahan

Quarterly Journal of Applied Theories of Economics, 2021, vol. 7, issue 4, 167-194

Abstract: The banking system, based on the rules of its activity through financial intermediation, enables the allocation of resources to holders of surplus savings. The rules of the banking system are categorized in a simple Classification into internal and external rules. So that the internal rules cantain legal banking aspects as well as the external rules refer to moral ones. The existence of these two Category of rules together in Islamic banking indicates the evolution of Islamic banking. The ethical rules in Islam are based on Islamic teachings and values. Explaining and reinforcing these rules in Islamic banking can enhance behavioral patterns in many aspects and improve banks' interactions with Together, organizations and customers. in this Research with The thematic analysis method to the extraction ethical criteria in Islamic banking. In this field, after analyzing the theoretical foundations in the field of ethics, its place in banking has been discussed. This processing there have been through interviews. The analysis of the content of the interviews shows that: rules such as: observance of public interest, the maintaining economic stability, ethics rules (honesty, conscience, trustworthiness and the trust),the justice, the honoring the human personality, commitment, the responsibility, ethics in using tools to attract customers, ethics in the field of asymmetric information, explain the rules in the framework of ethics, Debt Moratorium For Financial Hardship Person, ethics in using tools at hand (money created) And ethics in using gharz al-hasaneh sources (Interest-free loan) as ethical criteria affect Islamic banking performance.

Keywords: Ethics; Islamic banking; Ethical banking (search for similar items in EconPapers)
JEL-codes: A13 G21 Z10 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ecoj.tabrizu.ac.ir/article_12453_ac7caa6e4d3972d6070d4e89dd215769.pdf Full text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:qjatoe:0211

Access Statistics for this article

Quarterly Journal of Applied Theories of Economics is currently edited by Sakineh Sojoodi

More articles in Quarterly Journal of Applied Theories of Economics from Faculty of Economics, Management and Business, University of Tabriz Contact information at EDIRC.
Bibliographic data for series maintained by Sakineh Sojoodi ().