Deposit insurance: Conventional and Shariah approach
Deposit insurance has become an integral element of the modern banking system, which contributes to the safety of depositors and the business stability of banks. This paper analyzes the conventional and Shariah approach to deposit insurance. The paper aims to consider the features of the conventiona...
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| Format: | Article |
| Language: | English |
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Faculty of Law, Niš
2022-01-01
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| Series: | Zbornik Radova Pravnog Fakulteta u Nišu |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0350-8501/2022/0350-85012297137L.pdf |
| _version_ | 1797832985004736512 |
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| author | Lekpek Ahmedin |
| author_facet | Lekpek Ahmedin |
| author_sort | Lekpek Ahmedin |
| collection | DOAJ |
| description | Deposit insurance has become an integral element of the modern banking system, which contributes to the safety of depositors and the business stability of banks. This paper analyzes the conventional and Shariah approach to deposit insurance. The paper aims to consider the features of the conventional and Shariah approach to deposit insurance, including their similarities and differences. Based on the analysis of the mentioned approaches and considering their functions in the banking system, it can be concluded that the Islamic deposit insurance model, created in accordance with Shariah principles, and the conventional deposit insurance model do not differ significantly. The difference is primarily reflected in the fact that the conventional insurance model contains certain Shariah-prohibited elements, which come to the fore in financing the deposit insurance system and investing available surplus funds. |
| first_indexed | 2024-04-09T14:16:29Z |
| format | Article |
| id | doaj.art-985464842b8f4310bedc9289b25146a2 |
| institution | Directory Open Access Journal |
| issn | 0350-8501 2560-3116 |
| language | English |
| last_indexed | 2024-04-09T14:16:29Z |
| publishDate | 2022-01-01 |
| publisher | Faculty of Law, Niš |
| record_format | Article |
| series | Zbornik Radova Pravnog Fakulteta u Nišu |
| spelling | doaj.art-985464842b8f4310bedc9289b25146a22023-05-05T08:15:40ZengFaculty of Law, NišZbornik Radova Pravnog Fakulteta u Nišu0350-85012560-31162022-01-0161971371520350-85012297137LDeposit insurance: Conventional and Shariah approachLekpek Ahmedin0Državni univerzitet u Novom Pazaru, Departman za ekonomske nauke, Novi Pazar, SerbiaDeposit insurance has become an integral element of the modern banking system, which contributes to the safety of depositors and the business stability of banks. This paper analyzes the conventional and Shariah approach to deposit insurance. The paper aims to consider the features of the conventional and Shariah approach to deposit insurance, including their similarities and differences. Based on the analysis of the mentioned approaches and considering their functions in the banking system, it can be concluded that the Islamic deposit insurance model, created in accordance with Shariah principles, and the conventional deposit insurance model do not differ significantly. The difference is primarily reflected in the fact that the conventional insurance model contains certain Shariah-prohibited elements, which come to the fore in financing the deposit insurance system and investing available surplus funds.https://scindeks-clanci.ceon.rs/data/pdf/0350-8501/2022/0350-85012297137L.pdfdeposit insuranceconventional bankingislamic bankingshariahtakafulkafalah bi al ujr |
| spellingShingle | Lekpek Ahmedin Deposit insurance: Conventional and Shariah approach Zbornik Radova Pravnog Fakulteta u Nišu deposit insurance conventional banking islamic banking shariah takaful kafalah bi al ujr |
| title | Deposit insurance: Conventional and Shariah approach |
| title_full | Deposit insurance: Conventional and Shariah approach |
| title_fullStr | Deposit insurance: Conventional and Shariah approach |
| title_full_unstemmed | Deposit insurance: Conventional and Shariah approach |
| title_short | Deposit insurance: Conventional and Shariah approach |
| title_sort | deposit insurance conventional and shariah approach |
| topic | deposit insurance conventional banking islamic banking shariah takaful kafalah bi al ujr |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0350-8501/2022/0350-85012297137L.pdf |
| work_keys_str_mv | AT lekpekahmedin depositinsuranceconventionalandshariahapproach |