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Document Details
Document Type
:
Article In Journal
Document Title
:
Compensation for Delinquency in Debt Repayment: A Comparative Islamic Juristic and Economic Study
التعويض عن ضرر المماطلة في الدين بين الفقه والاقتصاد
Subject
:
Articles
Document Language
:
Arabic
Abstract
:
Delinquency in debt repayment by a solvent debtor is an especially serious problem in an Islamic Economy which clearly prohibits interest on debt. One recent juristic opinion suggested permitting monetary compensation by court order, to be imposed on the delinquent but solvent debtor to the benefit of the creditor. with compensation covering both any actual loss due to delinquency plus potential profits misted. That opinion was strongly challenged by other jurists. This paper critically surveys the different opinions and solutions offered for delinquency and suggests a new method of compensation that requires a delinquent but solvent debtor to repay the principal, and to extend to the creditor an interest-free loan that is equal in amount to the original principal and in duration to the period of delinquency.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
3
Issue Number
:
1
Publishing Year
:
1411 AH
1991 AD
Number Of Pages
:
32
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
محمد أنس الزرقا
MUHAMMAD ANAS ZARQA
Researcher
محمد علي القري
MUHAMMAD ALl ELGARI
Researcher
Files
File Name
Type
Description
20989.pdf
pdf
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