kau · qirad certificates, as financial instruments in an interest free economy, would be more...
TRANSCRIPT
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١م
*
منذر قحف
املستخلص
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مقدمة
Equity
Participation
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القسم األول القراض والضمان فيه
القراض والشركة-١/١
Mahmoud Abu Saud, Money, Interest and Qirad. in: Khurshid Ahmad, ed., Studies in Islamic Economics. Jeddah: The International Center for Research in Islamic Economics ( l980): pp. 59-84
وسامي حسن محود حسن عبـد اهللا األمـني
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ي القراض والقرض الربو-١/٢
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سامي حسن محودأبو حممد العيين٨ج
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القراض عقد متويل-١/٣Financing
العيين
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Lending
انتقال ملكية حصة القراض-١/٤
مصطفى أمحد الزرقا١
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perfect forcast
رفيق املصري١٨٦
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سندات القراض-١/٥
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Trade
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سندات القراض وأسهم املشاركة-١/٦
حممد أنس الزرقا
،٢ ج
حممد جناة اهللا صديقي
حممد جناة اهللا صـديقي
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الضمان يف سندات القراض-١/٧
سامي محود
أمحد فهمـي
أبو سنة الثاينالثاين
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متويل عملية الضمان
سامي محود
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مـن معينـة قضية التوسع يف ضمان الطرف الثالث حىت يشمل نسبة األرباح
مسألة احلاجة إىل الضمان ومربراته االقتصادية
مصطفى الزرقا
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القسم الثاين لسندات القراض اقتصاديةتتطبيقا
مقدمة-٢/١
Federal
Deposit Insurance Corporation
Moral
Hazards
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Multilateral Investment Guarantee Agency
FDIC
FDIC
ور القراض يف اجتذاب املدخراتد -٢/٢
Ibrahim F. I. Shihata, The New Proposal for Establishing a Multilateral Investment Guarantee Agency. Third World Quarterly, Vol. 7, No. 2, (April 1985), pp. 365-389.
V. Nienhaus, Islamic Economics, Finance and Banking Theory and
Practice, paper presented at the Conference on Islamic Banking and Finance, held in Royal Garden Hotel, (London: Oct. 31-Nov. 1, 1985). Appendix 2A.
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دور القراض يف ختصيص املوارد املالية-٢/٣
M. Fahim Khan, Development Strategy in Islamic Framework, paper presented at The
International Seminar on Fiscal Policy and Development Planning in Islam (Islamabad: July 1986), pp. 3-8.
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Credit
RatingMarket Forcasting
Moral Hazard
Ausaf Ahmad, Development and Problems in Islamic Banks. Jeddah: The Islamic Research and
Training Institute (1987). البنك اإلسالمي للتنمية
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ارف اإلسالميةص مقارضات امل صيغ ممكنة لتأمني-٢/٤
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رها يف متويل مشروعات القطاع العام حمتملة لسندات القراض ودوغ صي-٢/٥
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Contractors
ـ اندفع قيمتها مع أرباحها بعد يتم قتة مؤ ض سندات قرا املشـروع وتسـليمه هاءت قيمته،وقبضولة، دلل
مع رأس املـال )سارةأو اخل ( الربح متثل وريةد ا، توزع أقساط مؤقتة راضقسندات معينـة فترة اليت تؤول إىل الدول بعد االستثماريةامها يف املشروعات ، ميكن استخد امع
إطفاؤها من حصة الشريك املقارض مـن األربـاح يتم مؤقتة راضقسندات
M. Umer Chapra, Towards a Just Monetary System. Leicester, U.K.: The Islamic Foundation, (l985), 131,132.
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ضخت ال سندات قراض دائمة أو ( وحتصل على حصتها مـن األربـاح اع لإلطفاء أبد دورية ة بصور)اخلسائر
أوال
اثاني
اثالث
اابعراخامس
اسادس
التجربة األردنية يف سندات القراض-٢/٦
عبدالسالم العبادي
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العبادي
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Capital Gain
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ور سندات القراض املصرفية يف التنميةد -٢/٧
شابراChapra
جناة اهللا صديقيصديقي، مرجع سابق
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Prospectus
امتةاخل
املراجع
املراجع العربية:وال أأبو سنة، أمحد فهمي
٢٢ األمني، حسن عبد اهللا
تمالباز، سليم رس
لتاسع ايالتقرير السنو حسن يمحود، سام
الزرقا، حممد أنس
١٦الزرقا، مصطفى أمحد
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، حممـد يصـديق د بن حممد والعيين احلنفي، أبو حممد حمم اهللا جناة
، منذر فقح
رفيقاملصري،
املراجع األجنبية:ثانيا Abu Saud, Mahmoud, Money, Interest and Qirad. in: Ahmad Khurshid, ed., Studies in Islamic
Economics. Jeddah: The International Center for Research in Islamic Economics ( l980): pp. 59-84.
Ahmad, Ausaf, Development and Problems in Islamic Banks. Jeddah: Islamic Research and Training Institute: 1987.
Chapra, M. Umer, Towards a Just Monetary System. Leicester, U.K.: The Islamic Foundation (l985).
Khan, M. Fahim, Development Strategy in Islamic Framework, paper presented at The International Seminar on Fiscal Policy and Development Planning in Islam, Islamabad. July (1986), pp. 38.
Neinhaus, Volker, Islamic Economics, Finance and Banking Theory and Practice, paper presented at the Conference on Islamic Banking and Finance, held in Royal Garden Hotel, London, Oct. 31-Nov. 1 (1985).
Shihata, Ibrahim, The New Proposal for Establishing a Multilateral Investment Guarantee Agency. Third World Quarterly, Vol. 7, No. 2, (April 1985): pp. 365-389
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)١ (ملحق رقم والفتاوى اخلاصة بهينبعض مواد قانون سندات املقارضة األرد
م١٩٨١ لسنة ١٠قانون مؤقت رقم قانون سندات املقارضة
)١(مادة
)٢(مادة
)٣(مادة
)٤(مادة
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)٥(مادة
)٦(مادة
)٧(مادة
)٩(مادة
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)١١(مادة
)١٢(مادة
)٢٠(مادة
فتوى
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فتوى
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)٢(امللحق رقم شيخ مصطفى الزرقا على سؤال الباحثخالصة جواب فضيلة ال
حول ضمان الطرف الثالث
رذمن. د
الشيخ الزرقارذمن. د
الشيخ الزرقا
رذمن. د
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الشيخ الزرقا
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الرمحن الرحيمبسم اهللا
ءمصطفى الزرقا
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Qirad Bonds and Third Party Guarantee: Applications in
Financing Development in Muslim Countries
MONZER KAHF Islamic Research and Training Institute
Islamic Development Bank, Jeddah, Saudi Arabia
ABSTRACT. The author distinguishes qirad (profit sharing) contract from shirkah (partnership) as the former is characterized by complete separation of ownership from control. He discusses qirad certificates which represent the financier's share in the enterprise and entitle him to a share in profit (or loss) with the right to withdraw the nominal value of the certificate (i.e. the qirad capital) when it is due. Qirad certificates, as financial instruments in an interest free economy, would be more flexible than common stock. The author justifies third party guarantee (e.g. by the state or a collective fund established for this purpose) of the nominal value (i.e. principal) of the qirad certificates. Jordan's experience with qirad certificates is reported with the conclusion that similar instruments would help in financing economic development in Muslim countries.