Author/Authors :
Sameni Keivani، Farshad نويسنده Department of Accounting, Roudsar and Amlash Branch, Islamic Azad University, Roudsar, Iran , , Almasi، Mohammad Reza نويسنده Dept. accounting, Ataturk University, Turkey , , Safabakhsh Ghasemi، Ramtin نويسنده Department of Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran , , Makouei، Sara نويسنده Department of Accounting, Zanjan Branch, Islamic Azad University, Zanjan, Iran , , Bayat، Morteza نويسنده Department of Accounting, Zanjan Branch, Islamic Azad University, Zanjan, Iran , , Khalili Sourkouhi، Zeinab نويسنده Department of Accounting, Roudsar and Amlash Branch, Islamic Azad University, Roudsar, Iran ,
Abstract :
In conventional economics and banking, the interest is a phenomenon that is considered under the economic law and
also it is in the banking and business calculations as a basic issue. The Interest rate is achieved of equality of supply
and demand for money on the money market. Islamic religion has prohibited paying and getting of interest. Banking
and finance should be non-interest. But sanctions of the interest in the Islamic will disrupt the money market unless
suitable alternatives are defined. On the one hand, the study says the money speculative is lawful on the Islamic and
there are two sides of money demand and supply in the Islamic economics, but on the other hand, Due to the severe
sanctions of the usury in Islam, according to the principles of Islamic economy, profits rates of partnerships and
transactions contracts are considered as inappropriate alternatives for the interest.
