Juridical and Legal Investigation of Losses Caused by Negative Inflation

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RAJABI FARSHID; IZADIFARD ALI AKBAR; JAHANI ALI AKBAR

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Journal Paper

Paper Information

Journal: JOURNAL OF ISLAMIC LAW AND JURISPRUDENCE RESEARCHES Year:2019 | Volume:15 | Issue:55 Page(s): 97-118

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Title

Juridical and Legal Investigation of Losses Caused by Negative Inflation

Author(s)

RAJABI FARSHID | IZADIFARD ALI AKBAR | JAHANI ALI AKBAR | Issue Writer Certificate

Keywords

Negative inflationQ1

InsuranceQ2

LossQ2

ContractQ2

LawQ1

Abstract

Economic topics are consistently one of the most important and basic issues of any country. One of these issues is the Negative inflation debate, which means reducing the general level of prices. Accordingly, once the economy of a country experiences Negative inflation, there will be considerable Losses for the owner of goods and capital. Additionally, this Negative inflation is followed by recession and closure of factories as well as production facilities. Moreover, one of the new-found phenomena and problems of the modern world is the Insurance issue and insurer companies which are developed on the basis of damage compensation principle; however, these insurer companies do not insure damages caused by Negative inflation. This study aimed to investigate the legitimacy basis of damage Insurance due to Negative inflation, for instance generalities and absolutes of evidence, relying of wises, rubbing of criterion and Law articles such as article 190 of civil code and articles 1, 4, 28 and 29 of Insurance Law plus other principles and rules, in order to involve these Losses in the Insurance Contracts format.

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