The Obligation of Compensation of the Value of Money in Loans When Stipulated

Document Type : Original Article

Authors

1 Assistant Professor, Islamic Azad University of Sabzevar

2 Assistant Professor, Faculty of Theology and Islamic Knowledge, Allameh Tabataba'i University, Tehran, Iran

Abstract

. Inflation, undoubtedly, causes the reduction of the value of money. The question, however, is that if someone lend an amount of money to someone, then should the debtor return only the same money or the today value of it. In this respect, some agree the obligation of returning the value, while others disagree. Some differentiated between the high inflation and low inflation, and some between the usurpation and non-usurpation. having analyzed the nature of money and its conventionality, we conclude that if someone lend other one something and stipulates the he must pay the value, this condition must be satisfied and it is not usury. . . .. . . . . . . . . . . . . . . . . .. . . . . . . . . .. . . . . . . . .. . . . . . . .. .

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