Document Details

Document Type : Article In Journal 
Document Title :
Guarantee of Bank Deposits by the User of Fund
ضمان المضارب لرأس المال في الودائع المصرفية
 
Subject : Discussion Forum 
Document Language : Arabic 
Abstract : The paper proposes that the Islamic bank, as Mudarib and user of the fund, should provide guarantee for the money of depositors. That is, if ,mudarabah shows the profit the depositor will also share in it. In case of loss, only the bank will bear the loss, not the depositora The writer based his argument on the opinion of al Shawkani (d. 1250 H.) which is found in his work “a! Say! alJarrar”, and the saying of jurists that if the mudanb hind-user handed over it to someone else, he would be held responsible because he violated the nile. He also holds that because of its a necessity some fuqaha tried to cirumvent this probihition through subterfuges. Moreover, the regulatory and supervisory authorities prohibit tendering the monies of depositors to any loss. The researcher suggests that this guarantee by the bank should be based on volunatrism and donation, not by stipulation and agreement. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 16 
Issue Number : 1 
Publishing Year : 1424 AH
2003 AD 
Number Of Pages : 11 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
التجاني عبد القادر أحمدELTEGANI A. AHMEDResearcher  

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