Seyed Abbas Mousavian: Difference between revisions

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 === Permissibility of Penalties for Delayed Payment ===
-According to Seyed Abbas Mousavian, a [[penalty for delayed payment]] is a means of reducing losses resulting from delayed payment of debts. He maintains that failure to pay debts on time leads to a reduction in deferred transactions, the erosion of public trust, a reduction in qard al-hasan loans, the imposition of heavier collateral and guarantees, and a decrease in the volume of financial exchanges.<ref>Mousavian, “A Jurisprudential-Legal Examination of Laws concerning Penalties and Compensation for Delayed Payment in Iran,” p. 12.</ref>
+According to Seyed Abbas Mousavian, [[delayed payment penalty]] is a means of reducing losses resulting from delayed payment of debts. He maintains that failure to pay debts on time leads to a reduction in deferred transactions, the erosion of public trust, a reduction in qard al-hasan (benevolent lending), Increasing the burden of bail and guarantees, and a decrease in financial exchanges.<ref>Mousavian, “A Jurisprudential-Legal Examination of Laws concerning Penalties and Compensation for Delayed Payment in Iran,” p. 12.</ref>
 === Superiority of the Islam-Centered Method over the Jurisprudence-Centered Method ===