Profit and Loss Sharing Bonds According to Imam Khomeini’ s Decrees

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MALEKZADEH FAHIMEH

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Journal: Matin research journal Year:2018 | Volume:20 | Issue:80 Page(s): 109-129

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Title

Profit and Loss Sharing Bonds According to Imam Khomeini’ s Decrees

Author(s)

MALEKZADEH FAHIMEH | Issue Writer Certificate

Keywords

profit and loss sharingQ1

PLSQ1

securitiesQ1

bondsQ2

agentQ2

capitalQ1

profitQ1

Abstract

profit and loss sharing (PLS) is one of the economic issues that was in force since the inception of Islamic jurisprudence. The early Shia jurists from Sheikh Saduq to Shahid Awwal (Muhammad Jamaluddin al-Makki al-Amili al-Jizzini) and to Imam Khomeini have discussed profit and loss sharing in their books that are now used as the first reference books on PLS. In this descriptive-analytical research, which has been developed based on library studies, we intend to clarify the fact that profit and loss sharing is a social necessity which accelerates fixed and cash capital turnover. The Islamic society feels the need to PLS charging more than before to comply with the prohibition of interest – that goes counter to religious code of conduct. This paper intends to review some of Imam Khomeini’ s jurisprudential discussions on monetary policies. Since Imam Khomeini, along with other jurists, have directly discussed the profit and loss sharing mechanism, we have directly taken these discussions from his other jurisprudential works. Therefore, some viewpoints and understandings may not be a hundred percent certain and may cause skepticism and conjecture. It is hoped that this paper will be an introduction to more research works by the researchers and academicians for clarification of these urgent financial matters on the part of the universities and theological schools in order to reach resolute decrees on these issues.

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APA: Copy

MALEKZADEH, FAHIMEH. (2018). Profit and Loss Sharing Bonds According to Imam Khomeini’ s Decrees. PAZHUHESHNAMEH MATIN, 20(80 ), 109-129. SID. https://sid.ir/paper/93836/en

Vancouver: Copy

MALEKZADEH FAHIMEH. Profit and Loss Sharing Bonds According to Imam Khomeini’ s Decrees. PAZHUHESHNAMEH MATIN[Internet]. 2018;20(80 ):109-129. Available from: https://sid.ir/paper/93836/en

IEEE: Copy

FAHIMEH MALEKZADEH, “Profit and Loss Sharing Bonds According to Imam Khomeini’ s Decrees,” PAZHUHESHNAMEH MATIN, vol. 20, no. 80 , pp. 109–129, 2018, [Online]. Available: https://sid.ir/paper/93836/en

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