الكفاءة التنافسية و درء الاحتكار : الدرس المستفاد من حظر ربا الفضل
Other Title(s)
Market competitiveness and anti-monopolist policy : lesson learned from Riba al-Fadl prohibition
Author
Source
مجلة جامعة الملك عبد العزيز : الاقتصاد الإسلامي
Issue
Vol. 32, Issue 3 (31 Oct. 2019), pp.33-59, 27 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2019-10-31
Country of Publication
Saudi Arabia
No. of Pages
27
Main Subjects
Topics
Abstract EN
The objective of this paper is to discuss and assess some hypotheses purporting to explain the economic damage associated with riba al-fadhl through the methodology of Islamic economics that depends on the derivation of Shariah objectives and translating them into strategic policies for modern Muslim societies - even though it utilizes concepts and tools of neoclassical economics.
The paper justifies the anti-monopoly hypothesis and protection of competitiveness by reference to the Maliki reasoning that attaches the property of staple-storable food to the four ribawi items (dates, wheat, barley, salt), given the fact that staple storable food would normally command strong market demand and low priceelasticity.
Then to analytically confirm that hypothesis against alternative ones suggested by earlier scholars (Ghaban prevention, blocking of means to riba alnasaa’ and dropping luxurious purpose), a suitable analytical framework with reasonable assumptions has been introduced.
In particular, ghaban-possibilities model has been developed to assess the three alternative hypotheses while qualitydifferential equilibrium model has been used to assess the anti-monopoly hypothesis.
The end result seems to support the anti-monopoly hypotheses while offering no theoretical support to any of the three alternative hypotheses.
American Psychological Association (APA)
تاج الدين، سيف الدين إبراهيم. 2019. الكفاءة التنافسية و درء الاحتكار : الدرس المستفاد من حظر ربا الفضل. مجلة جامعة الملك عبد العزيز : الاقتصاد الإسلامي،مج. 32، ع. 3، ص ص. 33-59.
https://search.emarefa.net/detail/BIM-911423
Modern Language Association (MLA)
تاج الدين، سيف الدين إبراهيم. الكفاءة التنافسية و درء الاحتكار : الدرس المستفاد من حظر ربا الفضل. مجلة جامعة الملك عبد العزيز : الاقتصاد الإسلامي مج. 32، ع. 3 (تشرين الأول 2019)، ص ص. 33-59.
https://search.emarefa.net/detail/BIM-911423
American Medical Association (AMA)
تاج الدين، سيف الدين إبراهيم. الكفاءة التنافسية و درء الاحتكار : الدرس المستفاد من حظر ربا الفضل. مجلة جامعة الملك عبد العزيز : الاقتصاد الإسلامي. 2019. مج. 32، ع. 3، ص ص. 33-59.
https://search.emarefa.net/detail/BIM-911423
Data Type
Journal Articles
Language
Arabic
Notes
يتضمن هوامش.
Record ID
BIM-911423