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

تاج الدين، سيف الدين إبراهيم

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

Islamic Economics and Finance

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