Reflections on the idea of no usury in the maᶜdūdāt

Document Type : Research Paper

Authors

1 Associate Professor, Ferdowsi University Of Mashhad, Mashhad, Iran

2 Professor, Ferdowsi University Of Mashhad, Mashhad, Iran

Abstract

One of the most controversial topics in Islamic economics is usury that huge studies have been done by researchers of jurisprudence and Islamic economics about it. Through a descriptive-analytical method by examining the views and arguments of the jurists, the present essay has examined the conditions of occurrence of transactional usury. The present study has examined the conditions for the realization of transactional usury through a descriptive-analytical method by examining the views and arguments of the jurists. The popular opinion of Imami jurists have considered two conditions in its occurrence. First, the two goods traded are of the same kind; Second, the two goods should be measurable in terms of weight. As a result, the popular view does not accept the occurrence of usury in the maᶜdūdāt. Some have claimed that there is a consensus on this view. The only opponents of this view are Ibn Junaid, Sheikh Mufīd and Sallār. The main reasons for no usury in maᶜdūdāt are narrations. Therefore, the present article has analyzed the narrations and believes that the popular view has two main drawbacks and the narrations should be considered as observing the Sunni view. According to the views of the ancient jurists, ..

Keywords



Articles in Press, Accepted Manuscript
Available Online from 30 May 2020
  • Receive Date: 22 September 2019
  • Revise Date: 25 May 2020
  • Accept Date: 30 May 2020