Rastin Personal Security ( RPS )

Bijan Bidabad

doi:10.12816/0024913

Article Details

Rastin Personal Security ( RPS )

Authors:

Bijan Bidabad

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith

Journal:

Journal of Islamic Economics, Banking and Finance 2015 Vol.11 Issue 2, pp.47-61

Document Type:

Article

Publication Date:

6/2015

Document Language:

English

Document ID (Org No.):

84853

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0024913

Descriptors:

Keywords:

Abstract:

 Low return of social security organizations' funds and retirement pension funds does not leadthe insured people to obtain the real power of their accumulated capitals from their insurancepremium payments. Therefore, in order to solve this problem, establishment of private multipillar pension funds and thrifts systems have been considered. In direction of providingnecessary operational background for this task, Rastin Personal Security (RPS) as a subsystemof Rastin Profit and Loss Sharing (PLS) banking was designed.In RPS, bank makes contracts among depositor/insured person, pension fund and entrepreneuras intermediate and provides necessary participation background for financing investmentprojects. By applying infrastructure of Rastin PLS banking, Rastin Personal Security will bepractical and by issuing Social Security Certificate, Personal Security Certificate and PensionSecurity Certificates, provides new conditions for sharing of insured persons/depositors tofulfill the goals of social security and pension funds systems.

Article Details

Rastin Personal Security ( RPS )

Authors:

Bijan Bidabad

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith

Journal:

Journal of Islamic Economics, Banking and Finance 2015 Vol.11 Issue 2, pp.47-61

Document Type:

Article

Publication Date:

6/2015

Document Language:

English

Document ID (Org No.):

84853

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0024913

Descriptors:

SOCIAL SECURITY

PENSIONS

ISLAMIC BANKING

PENSION FUNDS

FINANCING

Rastin Profit and Loss Sharing

PLS

Social Security Certificate

Personal Security Certificate

Pension Security Certificate

Islamic Banking

Rastin Certificate

Social Security

Pension Fund

Rastin Banking

Issues

Article Details

Authors: Bijan Bidabad

Publisher: Islami Bank Training and Research Academy

Main Topics: Islam, Bábism & Bahá"í Faith

Journal: Journal of Islamic Economics, Banking and Finance 2015 Vol.11 Issue 2, pp.47-61

Document Type: Article

Publication Date: 6/2015

Document Language: English

Document ID (Org No.): 84853

Frequency: Quarterly

pISSN: 20704658

DOI: 10.12816/0024913

Descriptors:

Issues

Authors:

Bijan Bidabad

Publisher:

Islami Bank Training and Research Academy

Main Topics:

Islam, Bábism & Bahá"í Faith

Journal:

Journal of Islamic Economics, Banking and Finance 2015 Vol.11 Issue 2, pp.47-61

Document Type:

Article

Publication Date:

6/2015

Document Language:

English

Document ID (Org No.):

84853

Frequency:

Quarterly

pISSN:

20704658

DOI:

10.12816/0024913