Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)


Loan???s Legal Maxims in Islamic Financial Jurisprudence

Author(s): Ahmad Asad Mahmood Ibrahim

This paper aims at discussing the various legal maxims pertaining to the act of providing a loan by categorizing and analyzing their content. There is a great need to undertake such analysis since the issue of providing interest free loan is at the center of what distinguishes Shar??ah compliant transactions from those that are not, which is why a careful analysis of all related legal maxims is a must in order to firmly establish the Shari?ah ruling surrounding this matter. The methodology used in the paper is based on deducing legal maxims related to the provision of a loan from the juristic texts and the various studies related to its detailed provisions followed by clarifying the related rulings that can be extracted from such legal maxims. This paper contributed to the body of knowledge by categorizing and analyzing the various legal maxims related to the contract of loan by focusing on their meaning and Shari?ah basis to provide a comprehensive view of the topic under discussion.

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