Shari'ah law adaptation of the deduction of commercial papers A study in the light of the position of the Islamic Shari'a law from the process of deduction and jurisprudence presented by some modern jurists to make this process halal
Abstract
There is no doubt that Shari'ah law does not prohibit dealing with commercial paper in principle. On the contrary, it determines the principle of writing and fixing debts in the form of official documents. The most important of these are the articles under which the site undertakes or orders a person but this Shari'ah law forbids any transaction on these papers, which will achieve riba whatever the image it takes, commission, interest or fare, and perhaps among these Operations focused on commercial paper Some of the other tradable bonds are the discounting process carried out by commercial banks today in favour of their customers in exchange for the deduction of an amount that includes three elements: interest (discount rate), commission, collection expenses.
References
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