Profit and loss sharing banking system / PLS banking system

2:

• Two new financial innovations/instruments of Mosharakah (participation) and Pazireh (subscripted) Certificates are introduced for the first time that will be used instead of deposits and can be sold and bought on interne, banks, and other financial institutions as well.

3:

• A mechanism of internet-based sale and buy of Mosharakah and Pazireh Certificates is introduced.

4:

• In the PLS banking system of claim 1, new organization for bank/financial institution is defined with a Trustee (Amin) unit to supervise and control the good governance of entrepreneur (borrower) performance.

5:

• The PLS banking system of claim 1, wherein period of crisis, the entrepreneurs of investment projects are more protected from bankruptcy;
• consulting, contractors and constructors agents are not subject to serious financial defeats with PLS banking.

6:

• The PLS banking system of claim 1, wherein as the rate of benefit of depositors is dependent to real rate of return of the economy, depositors' benefit will get more stability through PLS banking.

7:

• The PLS banking system of claim 1, wherein as long as the PLS bank works as a financial intermediary and not as conventional banks and receives wages from depositors for supplying capital management services to depositors, will not meet bankruptcy in crises, economic volatilities, market fluctuations and bad economic conditions.

8:

• In the PLS banking system of claim 2, Pazireh Certificate is designed for endless projects that at the end of construction period and at the beginning of exploitation period, the Pazireh holders will become the shareholders of constructed project and the accounts of depositors, entrepreneur and banks are cleared.

9:

• In the PLS banking system of claim 2, Mosharakah Certificate is designed for finitude projects that at the end of construction period the constructed project is sold and by paying each party, the accounts of depositors, entrepreneur and banks are cleared.

10:

• The PLS banking system of claim 3, wherein financial innovations of Mosharakah and Pazireh Certificates make the bank/financial institution as an international portal performing similar jobs to a stock exchange market for transaction of PLS products certificates and can easily allocate and reroute resources to investments from anywhere in the world with simple interne connection.

11:

• In the PLS banking system of claim 3, new accounting framework is introduced with free interest rate calculation and based on duration time and money amount of participation.