Study of the Principle of Correctness in Shari’ah Supervision (in Persian)

Mohammad Rasool Ahangaran () and Feresheteh Mollakarimi ()
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Mohammad Rasool Ahangaran: Iran
Feresheteh Mollakarimi: Iran

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2012, vol. 5, issue 13, 145-164

Abstract: In topic of shari’ah supervision performance bank should be supervised and controlled from two directions, First the shari’ah correctness and veracity of bank contracts so that will supervise the observance of shari’ah regulations and conditions until it is concluded correctly, Second is the confidence in customers in the field of fulfillment of obligations and implementation of the contract. There is a principle called “correctness”, against both types of supervision. In Islamic law on the basis of this principle, banks should rule on correctness and veracity in condition of doubt at authenticity or defect in conclusion of contract and realization of improper acts, such as lying and abjuration.But this principle is limited to the framework awareness of this framework determines that supervision in which condition is legitimate and in which condition is inconsistent with the principle of correctness.

Keywords: Shari’ah Supervision; Correctness; Invalidity; Distrust; Bank Contracts (search for similar items in EconPapers)
Date: 2012
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