@article { author = {Pourian, Heydar}, title = {The Experience of an Islamic Financial System in Iran and Its Prospects for Development}, journal = {Financial Research Journal}, volume = {2}, number = {5}, pages = {-}, year = {1994}, publisher = {University of Tehran}, issn = {1024-8153}, eissn = {2423-5377}, doi = {}, abstract = {A decade has been passed since Iran chose to experience a combination of a nationalized and an Islamic financial system. Today, the banners reveal the country's pride as having had a unique experience in Islamic banking and finance in the world. While, the banking system was nationalized soon after the revolution of 1979. it took a few years before the important Usury Free Islamic Banking Law Was Passed in 1983. This paper describes Iran's experience with an Islamic financial system, reviews selected economic and financial indicators, makes an attempt to diagnose the problems in the financial sector and offers a few recommendations for deepening the money and capital markets. The observations on the performance of the Iranian economic system, however. does not intend to answer negatively the important question of "can the Islamic financial system survive"?}, keywords = {}, title_fa = {-}, abstract_fa = {}, keywords_fa = {}, url = {https://jfr.ut.ac.ir/article_31568.html}, eprint = {https://jfr.ut.ac.ir/article_31568_3ec299e892b4ed194e477488eac3d0df.pdf} }