التسعير وآلياته في المنتجات المالية الإسلامية المشاركة المتناقصة نموذجا : دراسة فقهية نقدية

Abstract

This study addresses the pricing of Islamic financial products and their mechanisms. It is a jurisprudence study on the Musharakah Mutanaqisah Partnership (MMP) through its applications in Islamic banks. The study aims to identify the applied pricing mechanisms in Islamic financial products, the general rules for its pricing, and the effects of interest rate on this process. This study used the inductive approach to get the views of Islamic economic scholars on the pricing process and the usage of MMP applications in Islamic banks. Besides, it used the analytical approach to identify the Islamic and economic views on the pricing mechanisms and to assess them in the field of MMP. The results of this study indicate that Islamic banks are still using interest rate as an index in the majority of their pricing process, but there is no special Islamic pricing index. In addition, the results also show that the pricing in these Islamic banks has ambiguities and requires more clarifications, especially with the varieties of MMP applications that obstruct the pricing mechanisms.