The Role of Islamic State in Determination of the Bank Deposit and Loan Interest Rates

One of the main issues in monetary and banking section is determining thedeposit and loan interest rates. In today world, determining the deposit and loaninterest rates and their notifications has a great significance for a financialsystem; it can also have many juridical, legal and economic effects. So, anychange in this important issue can question the economic stabilization of ourcountry. But the question here is that who should specify the deposit and loaninterest rates? Is this the duty of the Islamic governor or there is no need to hisintervention, and the market itself can reach the equilibrium price based on theprinciple of freedom? To answer this question, we need to investigate it fromthe Islamic jurisprudence viewpoint; then after proving that determining thedeposit and loan interest rates is a kind of pricing, the results of inspecting theissue of pricing can be used for deposit and loan interest rates determination.This article, firstly, explains the Islamic jurisconsults' views on pricing, then itintroduces deposit and loan interest rates determination as kinds of pricing, anduses the results of inspecting the issue of pricing which can be used for depositand loan interest rates determination.

کلیدواژه ها:

Pricing ، Government pricing ، Market pricing ، Deposit interest rates ، Loan interest rates ، Islam