Prioritizing available Islamic finance ways, policies and strategies in Iranian commercial banks (case study of Ayandeh Bank)

Nowadays, one of the multifaceted topics in monetary and banking studies is using finance of banks and credit institutions. The correct use of finance tools can have significant effects on financial markets development and economic growth. Considering that, the aim of this article is to prioritize available Islamic finance ways, policies and strategies in Ayandeh bank.

In this study, it has been used to prioritize 12 Islamic banks finance ways by focusing on three criteria of attractiveness and efficiency of the financing method (demand side acceptance commitments), executive capacities (Supply-side institutional compatibility commitments) and macro-environment (Bank macro environment). In addition, there have been collected 30 experts in the field of investment and finance of Ayandeh Bank. Also, it has been used AHP approach.

The results shows that the foreign currency and Rial deposits have the highest priority, also, buying and selling debts, securities, guarantees and agency have the lowest priority. At the end, a competitive strategy model with the SWOT methodology is proposed for the Islamic finance of Ayandeh Bank to synchronize Ayandeh Bank policies with Iran’s business cycles.

Originality/Value: 

Due to the prioritizing Islamic financing methods in Ayandeh bank, these results help bank’s managers for making more appropriate decisions to achieve the bank's goals. Furthermore, the proposed competitive strategy model for Islamic financing provides a suitable model for their future plans regarding synchronizing the bank's future policies with Iran's business cycles.