The New Model of Finance and Distribution of Banking Resources with Moderating the Role of Money Approach*

Also usury-free banking Act since its legislation and application has had notable results, but encounters with many challenges and critics. It seems that one of reasons for these problems is the inflation in Iran’s economy that has significantly affected the Islamic contracts. This paper is a try to present a new model of finance and distribution of banking resources that is efficient in inflation conditionin one hand and in the other hand is a model that can be criticized and completed as a part of Islamic-Iranian pattern of improvement. The methodology of the paper is descriptive-analytical. The suggested model proposes the finance and distribution of resources based on portfolio of financial assets instead of monetary amounts. So in this paper in addition to describing the suggested model and explaining its advantages in practice, the relationship between the changes of general price levels and changes of gold coin prices and dollar prices in Iran has been tested through auto-regressive approach with distributive lags. The results show that gold can be a proper alternative in maintaining the value of money while because of ordered price determination system by the central bank and unreal value of it in the internal market; dollar does not have this ability.