The Application of Law of Necessity (Ḋarūrah wa Ḥajjah) on Payment of Interest Based Loans: A Review of the Verdicts of Jurisprudential Academies
The prohibition of Interest (Riba), which is a major element of the current financial system, is stated in the Qur'an and Hadith with certainty and clarity. The unavailability of credit facility at the individual level forces any person or entity to turn to financial institutions, where loans...
Main Authors: | , |
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Format: | Article |
Language: | Arabic |
Published: |
University of Haripur
2020-06-01
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Series: | Journal of Islamic and Religious Studies |
Subjects: | |
Online Access: | http://jirs.uoh.edu.pk/index.php/JIRS/article/view/166 |