خصم الاوراق التجارية في ميزان المصارف الإسلامية

الملخص EN

Commercial papers are one of the most significant means of the contemporary money market and many of those dealing with them are actually ignorant of Sharia related rulings.

Hence the urgent need to get acquainted with the most prominent Shariah rulings related to commercial papers, including the discount is an agreement between the bank and its customer (the holder of the commercial paper), by which the bank is abided by to accelerate the value of the paper to the customer, in return , the latter’s obligation should transfer the ownership of the fixed right in the paper to the bank by endorsing it to him as a transfer of ownership.

The bank discount amount of money from the value of the commercial paper called the price of discount in return for an interest paid for the period from the date of its pay up to the due date of the paper.

The noble Islamic Sharia does not prohibit dealing with the commercial papers in principle, but on the contrary.

It establishes principle of writing and fixing debts in certain formal papers and documents, but nevertheless, this Sharia prohibits the process of discounting commercial papers, whatever its form, either be commission, interest or wages, because it leads to the realization of usury.

In this research, we will shed light on the definition of the commercial paper discount and its types, what the discount is subject to and its returns, then the sharia position of the discount process and trends of some jurists in finding jurisprudential exits for the permissibility of commercial papers discount and legitimate alternative to commercial papers discount.