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Paper Information

Journal:   JOURNAL OF ISLAMIC JURISPRUDENCE AND LAW   fall 2017-winter 2018 , Volume 10 , Number 20 #l00548; Page(s) 69 To 89.

Pricing in the Islamic Market

Author(s):  Fazel Mohammad Sadeq*, Khodabakhsh Hasan, ARABIAN ASGHAR
* Qom Seminary, Qom, Iran
One of the major issues in Islamic economics is the quality of determining the price of goods and services in the market. In the normal conditions of the market, there is no consensus among the Shiite and Sunni jurisprudents on the market, but in special economic conditions such as hoarding, collusion and monopoly, there is a controversy between the jurisprudents of the Imams and Sunni scholars. After searching in the jurisprudential books, six promises can be found in the problem, all of which are based on the general rules and customary narratives of the pricing; But the question is, is it possible to preserve the natural conditions of the market? Does the pricing of the marketplace not be one of the methods of market surveillance and thus not preserving the natural conditions of the market? Also, some Sunni jurisprudents believe that the philosophy of pricing is that the market is to be tempered and that it applies to all the goods needed by the people. These ambiguities require a re-examination of the pricing issue in the Islamic market. Therefore, this paper analytically and by referring to the authentic jurisprudential books of the Imams and Sunni people, concludes in the end that by referring to some general rules, the rule of preservation of the system, the rule of co-operation, the rule of law and the rule of Ehsan, as well as Relying on the rationale, it can be concluded that the ruler, in the normal conditions of the market.
Keyword(s): Pricing,rational building,system maintenance,Ehsan,relying
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