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Information Journal Paper

Title

IDENTIFYING CAUSALITY OF DHOLM IN PROHIBITION OF RIBA IN PRODUCTION AND CONSUMPTION LOANS

Pages

  41-67

Abstract

 Since old times, searching the CAUSEs of shariah rulings in Islamic resources has been one of the common methods in ijtihad so they could be able to generalize the ruling from one topic to another. RIBA has been one of the most important challenges in Islamic economy that has been taken into consideration especially in the recent century following the arrival of capitalism. One of the newest interpretations for solving this challenge in Islamic banking system is the theory of "assigning RIBA to returns on CONSUMPTION LOANs". In fact, some Islamic scholars have separated production loans from consumption ones. They believe that getting interest in CONSUMPTION LOANs is prohibited according to shariah, but in production loans it is allowed. They discuss and reason that getting interest in production loans doesn't lead to DHOLM and therefore, there is nothing wrong with it. But in CONSUMPTION LOANs, getting interest involves DHOLM and is prohibited.This research surveys the causality of DHOLM in prohibition of RIBA in production and CONSUMPTION LOANs with descriptive-analytic methodology.The result is that DHOLM cannot be the exclusive CAUSE of prohibition of RIBA and the latter's banning doesn't depend on DHOLM. Thus, there isn't any difference between consumption and production loans as far as RIBA prohibition is concerned.

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    Cite

    APA: Copy

    AHMADVAND, KHALIL ALLAH, & TOHIDI, MOHAMMAD. (2015). IDENTIFYING CAUSALITY OF DHOLM IN PROHIBITION OF RIBA IN PRODUCTION AND CONSUMPTION LOANS. ISLAMIC FINANCE RESEARCHES, 4(2 (8)), 41-67. SID. https://sid.ir/paper/254942/en

    Vancouver: Copy

    AHMADVAND KHALIL ALLAH, TOHIDI MOHAMMAD. IDENTIFYING CAUSALITY OF DHOLM IN PROHIBITION OF RIBA IN PRODUCTION AND CONSUMPTION LOANS. ISLAMIC FINANCE RESEARCHES[Internet]. 2015;4(2 (8)):41-67. Available from: https://sid.ir/paper/254942/en

    IEEE: Copy

    KHALIL ALLAH AHMADVAND, and MOHAMMAD TOHIDI, “IDENTIFYING CAUSALITY OF DHOLM IN PROHIBITION OF RIBA IN PRODUCTION AND CONSUMPTION LOANS,” ISLAMIC FINANCE RESEARCHES, vol. 4, no. 2 (8), pp. 41–67, 2015, [Online]. Available: https://sid.ir/paper/254942/en

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