The basis for legitimate entitlement to profit in Islamic law
Author
Source
Islamic Research and Training Institute
Issue
Vol. 2018, Issue 2-6 (31 Dec. 2018), pp.1-21, 21 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2018-12-31
Country of Publication
Saudi Arabia
No. of Pages
21
Main Subjects
Financial and Accounting Sciences
Law
Abstract EN
This paper is intended to investigate the basis for legitimate profit in Islamic law and compare it to the theories held by modern conventional economics regarding the cause of profit.
This study shall use the theoretical framework of the Hanafi concept of damān (guarantee) and apply it to the cases of fixed revenue and profit.
Finally, this paper aims at exposing how the Hanafi formulation of damān, along with capital and labor, can be useful in explaining and determining the basis for a legitimate profit in Islamic law.
American Psychological Association (APA)
Guney, Necmeddin. 2018. The basis for legitimate entitlement to profit in Islamic law. Islamic Research and Training Institute،Vol. 2018, no. 2-6, pp.1-21.
https://search.emarefa.net/detail/BIM-832852
Modern Language Association (MLA)
Guney, Necmeddin. The basis for legitimate entitlement to profit in Islamic law. Islamic Research and Training Institute No. 2-6 (2018), pp.1-21.
https://search.emarefa.net/detail/BIM-832852
American Medical Association (AMA)
Guney, Necmeddin. The basis for legitimate entitlement to profit in Islamic law. Islamic Research and Training Institute. 2018. Vol. 2018, no. 2-6, pp.1-21.
https://search.emarefa.net/detail/BIM-832852
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 20-21
Record ID
BIM-832852
