Kitap Finans 1986

Does Islam Assign Any Valuel Weight to Time Factor in Economic and inancial Transactions?

  • Kodu: 5520
  • Eserin Orjinal İsmi: Does Islam Assign Any Valuel Weight to Time Factor in Economic and inancial Transactions?
  • Türü: Kitap
  • Alan: Finans
  • Konu(lar): Zaman Faktörü, Ekonomik
  • Dili: İngilizce
  • Yayın Yılı: 1986
  • Yayın Yeri: Karachi
  • Yayınevi: Islamic Research Academy
  • Sayfa Sayısı: 116
  • Keywords: Time Factor, Economic
  • Anahtar Kelimeler: Zaman Faktörü, Ekonomik
  • Açıklama: Argues forcefully that Islam does not assign any weight to time in financial transactions. Such a weight is tantamount to riba. The difference between cash price and credit price of the sale article is also riba. Cash discounts and higher charges for performing the same service in a shorter time also involve riba. Forward transactions in foreign exchange and commodities are un—Islamic. The prevalent practice of instalment sales involves riba. It is absurd to distinguish between credit created by lending cash or selling goods on the basis of deferred payments. In both cases any addition to the original sum would be riba. A highly valuable article which dispels a number of ambiguities found in the literature. For economists and jurists. Based on primary sources. Documented.
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