نوع مقاله : مقاله پژوهشی
نویسنده
استادیار گروه اقتصاد دانشگاه مازندران.
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسنده [English]
Rotating credit association has been considered as a Riba-free financial instrument in the Islamic countries. Recent studies show that in poor Islamic regions, people use rotating credit associations more often than banking services. This study, besides supplying a scientific introduction of these institutions, has tried to point out the role of inflation in their operation. Due to the high inflation in the Iranian economy, only one half of the association's members will benefit and the other half will lose. In this article, an adjusted rotary association credit which is appropriate for the inflationary situation would be introduced. This adjusted rotating credit association can decrease the intensity of profit inequality between the members.
کلیدواژهها [English]
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13. Salleh, M.O., Jaafar, A. & Ebrahim, M.S; “Can an interest-free credit facility be more efficient than a usurious payday loan?”; Journal of Economic Behavior & Organization, Article in Press, 2013.
14. Salleh, M.O., Jaafar, A.; & Ebrahim, M.S; “The prohibition of riba an-nasi’ah and the economic underdevelopment of the Muslim world”; Working paper. Bangor Business School, North Wales, UK, 2012.