Investment bonds. Legal comparative study of Islamic jurisprudence

Fawzi Abd Al-Tai, Raghad; Tavkir Murad, Dalal

	Investment bonds. Legal comparative study of Islamic jurisprudence
Journal of Kufa legal and political science
Article 1, Volume 8, Issue 22, 2015, Pages 229-252
Authors
Raghad Fawzi Abd al-Tai; Dalal Tavkir Murad
Abstract
The nature and foundations of economic development vary depending on the economic framework adopted by each country, but no matter how different approaches and economic systems in terms of philosophy and frameworks work; however, it seeks to achieve the same goals, a higher standard of living, and this can only be achieved by raising the rate of investment and diversification, where The latter is considered the cornerstone of the process of comprehensive and sustainable development. Investment is the allocation of funds in different areas in such a way to maximize the economic and financial profitability, as it plays a positive role in accelerating the development, but the fundamental problem facing the latter is a problem of funding, the problem lies in the palaces of savings rates of various kinds for the levels of investment financing of development lies in the search for sources of savings and the search for ways to mobilize these savings for development, and this is done only by the availability of an integrated structure of financial institutions and organizations capable of inciting good guidance for these savings to productive investment purposes. And is one of investment securities of this vital means to achieve this result, this type spread in Muslim countries and companies money, there is almost devoid of which the city of commercial cities and accept to own bonds as well as stocks as a second type of commercial paper, Accept by a large class of people become so occupy a lot of financial transactions has resulted in a very important issue ran so much interested fatwa charges Muslim man is also a statement of the Islamic ruling has this research provided according to systematic plan based the bases on the basis of original research and study represented by trace wrote the ancient Islamic jurisprudence and updated and find out if these books have touched on these bonds as well as the modern legal and business books to note the concept of species and the legal basis to it. The reason for our choice of the subject lies in that investment in the bond markets has become the most famous investments that tend to major financial institutions, large and small investors in the world, the demand has increased investment in bonds recently due to turmoil in the currency markets because of the fallout from the global financial crisis as well as crisis sovereign debt in the EU area, and as the bond is one of the most important investment means and the oldest, but the average investor does not need to deal with it directly due to the difficulty of the competition for circulation with senior bond dealers who buy large quantities and bear what may result from losses from time to time , so it's best average investor that only recognize the idea of this investment vehicle but wants to diversify its investments may buy stakes in one specialized in securities investment funds

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