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Reciprocal Loans القروض المتبادلة

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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)

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

Suggested Citation

  • Saad Bin Hamdan Al- Lihyani, 2002. "Reciprocal Loans القروض المتبادلة," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 14(1), pages 39-46, January.
    • Handle: 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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