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A STUDY OF THE FEASIBILITY OF EQUIPPING FINANCIAL RESOURCES FOR INTEREST-FREE FACILITIES THROUGH ENDOWMENT

European Journal of Social Sciences Studies

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Title A STUDY OF THE FEASIBILITY OF EQUIPPING FINANCIAL RESOURCES FOR INTEREST-FREE FACILITIES THROUGH ENDOWMENT
 
Creator Hosseinloo, Abdolreza
Amiri, Ali Pour Ghasab
Nadri, Kamran
 
Subject endowment, interest-free-loan, equipment of financial resources, endowment of interests, endowment of stocks, endowment of money, endowed resources and revenues
 
Description In the Islamic banking system, giving interest-free loans which is aimed at the improvement of the livelihood and economy of the needy strata requires sufficient financial resources. Considering the large numbers of applicants of interest-free loans coupled with the shortage of financial resources, we must begin to think towards the strengthening of the mentioned resources. On the other hand, the financial institute of endowment which pursues a goal similar to interest-free facilities', and both official and nonofficial reports give an indication of undesirability of the efficiency of endowed resources in Islamic societies (due to various reasons including different cultures and systems of administration and exploitation of endowments) can support interest-free-loan affairs. As the results of various studies in various societies show that nowadays in some Islamic societies, the highness of the efficiency of endowed resources is considered as a column of research advances and, growth of welfare and economic indices as well. on this basis, in the present study we have tried to identify certain ignored capacities such as endowment as well as investigating them in the forms of following subjects in order to both be able to prevent the loss of endowed resources, and to take a positive step towards the improvement of effectiveness of endowment and interest-free-loaning: using the sales price of endowed properties in the interval between the sale of old endowed properties and procurement of new endowed properties in interest-free-loan section, endowment of the interests of financial properties such as stocks, and nonfinancial properties for interest-free-loan purposes, endowment of monetary interests for good and interest-free-lending purposes, and exploitation of another series of endowed financial resources in interest-free-lending.  Article visualizations:
 
Publisher European Journal of Social Sciences Studies
 
Contributor
 
Date 2018-11-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier https://oapub.org/soc/index.php/EJSSS/article/view/466
 
Source European Journal of Social Sciences Studies; Volume 3, Issue 4, 2018
2501-8590
2501-8590
 
Language eng
 
Relation https://oapub.org/soc/index.php/EJSSS/article/view/466/1047
 
Rights Copyright (c) 2018 Abdolreza Hosseinloo, Ali Pour Ghasab Amiri, Kamran Nadri
http://creativecommons.org/licenses/by/4.0