Designing Production Support Istisna Securities based on the Cash Subsidy Payment to People

Document Type : Practical

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Abstract

Almost all countries seriously  pursue economic growth, as well as other economic and social goals through various approaches. Achieving a sustainable economic growth requires providing capital and other factors of  production. In order to fulfill this need in societies, financial markets evolve constantly. In fact, developing financial markets cause economic development. After liberalizing prices, especially those of forms of energy, and acquisition of the Iranian government finances following the enforcement of targeted subsidy plan, people were provided with the collected resources in order to make up for the increase of household expenditures. Enforcing this law along with some other economic problems, including the sanctions against Iran lead into stagflation. Hence, some models need to be formulated in order to exit this situation. This study is a descriptive content analysis one using library resources tries to investigate the hypothesis whether designing Istisna securities using the cash subsides paid to the caretakers which can finance production infrastructures well enough through financial markets and the Iranian banking  system. With respect to proposed models that each of them is  based either on Ijarah Muntahia Bittamleek or on  debt buying, the model of production support Istisna securities based on Ijarah Muntahia Bittamleek with an emphasis on the Iranian banking system is recognized as the best model.

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References

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