Rastin Group Funding (RGF): A Financial Subsystem of Rastin Banking

  • Bijan Bidabad Professor, Economics and Chief Islamic Banking Advisor, Bank Melli, Iran
Keywords: Rastin Group Funding, RGF, Rastin Banking, Islamic Banking

Abstract

Rastin Group Funding (RGF) makes mobilization of limited and determined depositor’s resources for a specific project possible and shares depositors in the outcome of the projects with the intent of benefit and via the bank according to Rastin Banking rules. In Rastin Group Funding, after evaluation of the project proposal, and by observing the rules of the PLS Base System or the applied Financial Subsystem defined in Rastin Banking and considering the Rastin Banking Executive Bylaw; bank mobilizes the pre-specified depositors’ resources for a specific project; and after receiving necessary collaterals and guarantees allocates them to entrepreneur and performs supervision over the project execution. Bank receives capital management fee by supplying capital management services to depositors.

References

بیژن بیدآباد، آذرنگ امیراستوار، سعید عبداللهی، محمود الهیاری‌فرد، اسکندر پردل، مریم حیدری، علیرضا شفیعی، محمدعلی پوربهروز، پیشنویس لایحه قانونی بانکداری راستین، بانک ملی ایران، 1391.
http://www.bidabad.com/doc/rastin-banking-bill.pdf
بیژن بیدآباد، آذرنگ امیراستوار، سعید عبداللهی، محمود الهیاری‌فرد، اسکندر پردل، مریم حیدری، علیرضا شفیعی، محمدعلی پوربهروز، پیشنویس آئین‌نامه اجرایی بانکداری راستین، بانک ملی ایران، 1391.
http://www.bidabad.com/doc/rastin-banking-regulation.pdf
بیژن بیدآباد، طرح تفصیلی تأمین مالی گروهی راستین (RGF). اداره کل تحقیقات، برنامه‌ریزی و مدیریت ریسک، بانک ملی ایران. 1393. http://www.bidabad.com/doc/detailed-rgf.pdf
Bidabad, Bijan. (2014). New Operational Islamic Banking System, Volume One, Theoretical Foundations, LAP Lambert Academic Publishing, OmniScriptum GmbH & Co. KG, ISBN: 978-3-659-54463-7.
Bidabad, Bijan. (2014). New Operational Islamic Banking System, Volume Two, Applicational Issues, LAP Lambert Academic Publishing, OmniScriptum GmbH & Co. KG, ISBN: 978-3-659-55210-6.
Bidabad, Bijan (2018), General Regulatory Framework in Rastin Profit and Loss Sharing Banking (Part I-Operational Context). Journal of Business and Finance in Emerging Markets, JBFEM, [S.l.], v. 1, n. 1, p. 11-26, May. ISSN 2580-5568.
https://doi.org/10.32770/jbfem.vol111-26
http://www.bidabad.com/doc/rastin-regulatory-en-I.pdf
Bidabad, Bijan (2018), General Regulatory Framework in Rastin Profit and Loss Sharing Banking (Part II-Legal Groundwork). Journal of Business and Finance in Emerging Markets, JBFEM, JBFEM, [S.l.], v. 1, n. 2, p. 109-126, Nov. ISSN 2580-5568.
https://doi.org/10.32770/jbfem.vol1109-126
http://www.bidabad.com/doc/rastin-regulatory-en-II.pdf
Bidabad, Bijan (2019), General Regulatory Framework in Rastin Profit and Loss Sharing Banking (Part III-Auxiliary Provisions). Journal of Business and Finance in Emerging Markets, JBFEM, May, Vol 2, No. 1, pp. 51-65. ISSN 2580-5568.
https://doi.org/10.32770/jbfem.vol251-66
http://www.bidabad.com/doc/rastin-regulatory-en-III.pdf
Published
2019-05-25
How to Cite
Bidabad, B. (2019). Rastin Group Funding (RGF): A Financial Subsystem of Rastin Banking. International Journal of Islamic Banking and Finance Research, 3(1), 43-48. https://doi.org/10.46281/ijibfr.v3i1.268