عنوان مقاله [English]
نویسنده [English]چکیده [English]
The issue of debt creation in the conventional banking system is a major problem which has drawn much attention after 2008 crisis. One of the main issues in Islamic banking is credit creation, as well. The economists have different viewpoints in this regard. In the viewpoint of Martyr Sadr, credit creation, if in compliance with jurisprudential standards, is possible in Islamic banking. However, is credit creation model based on his thoughts the same as the model in the conventional banking system?
In this research, adopting the analytical method and using a conceptual model of credit creation process, we have introduced the jurisprudential standards, in compliance with Martyr Sadr’s thoughts, about credit creation in Islamic banking, and in the framework of money multiplier in the context of Shariah’s effect, we have offered a model of credit creation in Islamic banking on the basis of his thoughts. The hypothesis, here, is that there is a difference between credit creation process in the viewpoint of Martyr Sadr and that of the conventional banking system. The results suggest that Shariah's effects, including credit applicant’s being debtor, the commitment to fulfill Qabz provision, bank’s trust in the information provided by the loan applicant, and Qarz contract’s being allowed and obligatory, affect the money multiplier and are the difference between credit creation model in the viewpoint of Martyr Sadr and that of the conventional banking system.