Publication: Provisional Profit in Iran's Banking System: Same Meat, Different Gravy
Provisional Profit in Iran's Banking System: Same Meat, Different Gravy
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Allagheband Hosseini, E. (2015). Provisional Profit in Iran’s Banking System: Same Meat, Different Gravy. Electronic Journal of Islamic and Middle Eastern Law (EJIMEL), 3(21), 135–145. http://www.ejimel.uzh.ch/en.html
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The foundation of an Islamic country and the implementation of Islamic laws were the primary goals of the Iranian Islamic Revolution of 1979. Many laws and regulations were changed and revised in order to conform to Shari’ah law. Therefore, one of the most critical laws adopted after the Revolution and rooted in Shari’ah law, which strictly forbids riba (interest), is the Riba-Free Banking Act of 1983. After three decades, a case can be made that it is has not been entirely successful in eliminating riba from Iran’s banking system.
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Allagheband Hosseini, E. (2015). Provisional Profit in Iran’s Banking System: Same Meat, Different Gravy. Electronic Journal of Islamic and Middle Eastern Law (EJIMEL), 3(21), 135–145. http://www.ejimel.uzh.ch/en.html
