معوقات التمويل بالصيغ الزراعية في المصارف الإسلامية الأردنية
The problem of study refers to the lack of implementation of agricultural financing methods by jordan Islamic banks leading to a lack of cash liquidity needed to maintain productivity and the financial loss amongst the large proportion of banks’ customers in the agricultural sector. Therefore, th...
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| Summary: | The problem of study refers to the lack of implementation of agricultural financing
methods by jordan Islamic banks leading to a lack of cash liquidity needed to maintain
productivity and the financial loss amongst the large proportion of banks’ customers
in the agricultural sector. Therefore, this study aims to analyze the relationship
between the banking obstacles and related governmental management procedures as
well as their impacts on the lack of the implementation of these agricultural financing
methods. The significances of the study are highlighted through the assessment on
credit, operational and market risk factors as well as the bank’s profit in implementing
these financing methods. In order to realise the objectives of this study, quantitative
approaches and questionnaires were used as instruments to measure the impact of risk,
profit and governmental management procedures on agricultural financing methods.
The population of this study consists of 650 officers from respective departments and
units of the Jordanian Islamic banks and the sample size involved a total of 242
officers. This study has reached several findings, amongst them is the most significant
obstacles faced for the implementation of agricultural financing methods are obstacles
related to credit risk, especially the lack of religious and moral awareness about
agricultural contracts among customers and the failure of the farmers to fulfill their
financial and moral obligations towards the banks. Amongst them are also obstacles
related to operational risks, especially the need for qualified and trained human
resources in the financial and Islamic fields to implement these methods as well as the
use of traditional agricultural methods by customers in production. Amongst them are
obstacles related to market risk, particularly the difficulty of marketing agricultural
products, the absence of a minimum price guarantee by the government and the
instability of prices and service charges between the period of contract signing and
harvest season. Amongst them are obstacles related to the banks’ profit, specifically
the difficulty in determining the expected profit, the high cost of agricultural activities
and the non-usage of modern technology in the production. This study concludes that
governmental official procedures could lessen these obstacles through the reduction of
taxes and fees imposed on the banks, the increase of government deposit within the
banks and opening domestic and international markets for better marketing and
promotion of the agricultural products. The study also provides several
recommendations, that include the provision of necessary supports by government to
the Jordanian Islamic banks in order to encourage them implementing agricultural
financing through the reduction of taxes and fees on banks’ transactions and
agricultural production and service requirements, the provision of credit analysis
framework for banks’ customers, the inclusion of all banks’ customers under the risk
management fund for agriculture sector, and the opening of domestic and internal
markets for the marketing of agricultural products at appropriate prices. |
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