Rastin Certificate Market (RCM):A Complementary System of Rastin Banking

  • Bijan Bidabad Professor, Economics and Chief Islamic Banking Advisor, Bank Melli, Iran
Keywords: Islamic Banking, Rastin Banking, Rastin Profit and Loss Sharing, Electronic Transaction,Rastin Certificate, Over the Counter Market, Secondary Market

Abstract

New financial instruments as Rastin Certificates and Rastin Swap Bonds are used in Rastin banking. Rastin Certificate Market (RCM) provides necessary conditions for transaction and transfer of these instruments based on information technology and the integrated Rastin banking subsystems. This market is accessible for electronic account holders on the World Wide Web.

References

Rastin Banking documents are accessible at: http://www.bidabad.com

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
Bidabad, Bijan, General Characteristics of Rastin Banking, 2013.
http://www.bidabad.com/doc/rastin-bank-general-en.pdf
Bidabad, Bijan, Abul Hassan, Ben Ali Mohamed Sami, Mahmoud Allahyarifard (2011) Interest-Free Bonds and Central Banking Monetary Instruments. International Journal of Business and Management Science. Vol. 3, no. 3, August.
Bidabad, Bijan, Rastin Profit and Loss Sharing (PLS) Base System. Journal of Islamic Economics, Banking and Finance, pp. 32-57, Vol. 9 No. 4, Oct - Dec 2013.
http://ibtra.com/pdf/journal/v9_n4_article2.pdf
http://www.bidabad.com/doc/pls-base-en.pdf
Bidabad, Bijan, Joalah Finance Sharing (JFS). Journal of Islamic Economics, Banking and Finance, Volume-12, No. 1, January-March, 2016, pp. 33-48.
http://www.bidabad.com/doc/jfs-paper-en.pdf
http://ibtra.com/pdf/journal/v12_n1_article2.pdf
Bidabad, Bijan, Mudarebah Financial Sharing (MFS). Journal of Islamic Economics, Banking and Finance, JIEBF, Volume - 10, Number - 1, January - April 2014, pp. 56-68.
http://www.bidabad.com/doc/mfs-paper-en.pdf
http://ibtra.com/pdf/journal/v10_n1_article3.pdf
Bidabad, Bijan, Instalment Financial Sharing (IFS), 2011.
http://www.bidabad.com/doc/ifs-paper-en.pdf
Bidabad, Bijan, Rent Financial Sharing (RFS). Journal of Islamic Economics, Banking and Finance, Vol. 10 No. 2, pp.: 38-53, April-June 2014.
http://www.bidabad.com/doc/rfs-paper-en.pdf
http://ibtra.com/pdf/journal/v10_n2_article2.pdf
Bidabad, Bijan, Bail Financial Sharing (BFS), 2012.
http://www.bidabad.com/doc/bfs-paper-en.pdf
Bidabad, Bijan, Rastin Personal Security (RPS). Journal of Islamic Economics, Banking and Finance, JIEBF, Volume - 11, Number - 2, April - June 2015, pp. 47-61.
http://www.bidabad.com/doc/rps-paper-en.pdf
http://ibtra.com/pdf/journal/v11_n2_article3.pdf
Bidabad, Bijan, Rastin Social Takaful (RST). Journal of Islamic Economics, Banking and Finance, JIEBF, Volume - 11, Number - 1, January - March 2015, pp.: 13-23.
http://www.bidabad.com/doc/rst-paper-en.pdf
http://ibtra.com/pdf/journal/v11_n1_article1.pdf
Bidabad, Bijan, Abul Hassan, Ben Ali Mohamed Sami, Mahmoud Allahyarifard. Interest-Free Bonds and Central Banking Monetary Instruments. International Journal of Economics and Finance. Vol. 3, no. 3, August 2011, pp.234-241. http://www.ccsenet.org/journal/index.php/ijef/article/download/11665/8300
http://uk.zopa.com/
http://pls.bmi.ir/
Published
2019-05-22
How to Cite
Bidabad, B. (2019). Rastin Certificate Market (RCM):A Complementary System of Rastin Banking. International Journal of Islamic Business & Management, 3(1), 35-43. https://doi.org/10.46281/ijibm.v3i1.260

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