Reciprocal Loans القروض المتبادلة

Saad Bin Hamdan Al- Lihyani
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Saad Bin Hamdan Al- Lihyani: Assistant Professor Department of Islamic Economics School of Islamic Law and Studies. Umm Al-Qura University, Makkah

Journal of King Abdulaziz University: Islamic Economics, 2002, vol. 14, issue 1, 39-46

Abstract: The matter of reciprocal loans , whereby a loan is tied to an equivalent ( reciprocal ) loan in terms of amount and period , raises many questions particularly from the shariah point of view . This necessiates looking into the existing contracts , whether by individuals or corporations, pertaing mainly to whether they come under “ a loan that entails a benefit “ or “ tied-in loans “ . Legitimizing reciprocal loans based on promise rather than being part of contract , may not constitutes a shariah accepted solution , according to some scholars . لا يوجد مستخلص

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:14:y:2002:i:1:no:3:p:39-46

DOI: 10.4197/islec.14-1.3

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