-, A., -, D. (2024). Debt Repayment Between the Parity Standard and the Value Standard: A Critical Reading in Light of the Resolutions of the International Islamic Fiqh Academy. , 15(3), 1594-1635. doi: 10.34278/aujis.2024.184154
Ala Fatehi Barakat -; Dr. Hassan M. El Rifai -. "Debt Repayment Between the Parity Standard and the Value Standard: A Critical Reading in Light of the Resolutions of the International Islamic Fiqh Academy". , 15, 3, 2024, 1594-1635. doi: 10.34278/aujis.2024.184154
-, A., -, D. (2024). 'Debt Repayment Between the Parity Standard and the Value Standard: A Critical Reading in Light of the Resolutions of the International Islamic Fiqh Academy', , 15(3), pp. 1594-1635. doi: 10.34278/aujis.2024.184154
-, A., -, D. Debt Repayment Between the Parity Standard and the Value Standard: A Critical Reading in Light of the Resolutions of the International Islamic Fiqh Academy. , 2024; 15(3): 1594-1635. doi: 10.34278/aujis.2024.184154

Debt Repayment Between the Parity Standard and the Value Standard: A Critical Reading in Light of the Resolutions of the International Islamic Fiqh Academy

Anbar University Journal of Islamic Sciences
Article 9, Volume 15, Issue 3, September 2024, Pages 1594-1635    PDF (7.69 M)
DOI: 10.34278/aujis.2024.184154
Authors
Ala Fatehi Barakat -; Dr. Hassan M. El Rifai -
University of Sharjah/ College of Sharia and Islamic Studies
Abstract
      This research explores the standards for debt repayment in Islamic jurisprudence, particularly the disparity between the parity and value standards. It examines opinions of Islamic jurists on these standards in periods of monetary stability, mild inflation, and severe inflation, clarifying arguments and prevalent views, Explanation of the impact of severe monetary inflation on considering the ideal standard or the value standard in debt repayment. The significant scientific addition in this research lies in the noteworthy contribution that is utilizing a critical and analytical approach, by  evaluating decisions of the International Islamic Fiqh Academy through an inductive method that is utilizing a critical and analytical approach, the study evaluates decisions of the International Islamic Fiqh Academy through an inductive method, encompassing jurists' opinions and supporting evidence. The decision number 231(2/24) by the Academy is deemed just, addressing severe inflation and permitting the value standard in debt repayment with mutual consent or judicial rulings in disputes, aligning with the researcher's perspective.
Keywords
Debt Repayment; Parity Standard; Value Standard; Monetary Inflation; International Islamic Fiqh Academy
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