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Paper Information

Journal:   FEQH-E AHL-E-BAIT   2012 , Volume 18 , Number 69; Page(s) 41 To 75.
 
Paper: 

TAVARROQ CONTRACT FOR FINANCE FROM SHIITE JURISPRUDENTS' VIEWPOINT

 
 
Author(s):  NAZARPOUR MUHAMMAD NAGI, YUSEFI MUHAMMAD REZA, SAJJADI SEYYED MOHSEN
 
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Abstract: 

Tavarroq is a contract aimed at financing and providing cash flow and has been discussed in most jurisprudential schools under bei' al' ainah [to sell the product at a high price on credit and buy the same product at a lower price paid in cash].
Recently it has been used by some banks in Arab countries while it has opponents and proponents among Sunni scholars. Due to its application for finance and turnover among traders and manufacturers, it is prudent to investigate its permissibility from the viewpoint of Shiite jurisprudence. In this article Shiite's viewpoint about this contract has been extracted using jurisprudential resources. Results indicate not only there is no reliable reasons for invalidity of this contract and its contradiction with general principles and generalities but numerous discussions can be found in Shiite jurisprudence that proves its validity.

 
Keyword(s): TAVARROQ CONTRACT, BAI' AL' AINA, SHIITE JURISPRUDENCE
 
References: 
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  Persian Abstract Yearly Visit 94
 
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