Seyed Abbas Mousavian

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Mousavian held several views on Islamic banking, including:

=== The Importance of ~~Reciprocal~~ Contracts in Islamic Banking Compared with Partnership Contracts ===

=== The Importance of Trade-based Contracts in Islamic Banking Compared with Equity-based Partnership Contracts ===

It is said that Mousavian emphasized the application of [[~~banking~~ partnership contracts]] (contracts without a fixed rate of return and based on profit and loss) in his earlier thought,<ref>Ghafourzadeh, “An Examination of the Development of Professor Mousavian’s Thought concerning the Position of ~~Exchange~~-~~Based~~ and Partnership Contracts in Resource Allocation,” p. 87.</ref> but later (for example, in the book “Islamic Banking” that is one of his latest books) he regarded [[~~reciprocal~~ contracts]], such as [[murabaha contract|murabaha]], as contracts supported strongly by hadiths and being effective in Islamic banking which are more useful than partnership contracts.<ref>Ghafourzadeh, “An Examination of the Development of Professor Mousavian’s Thought concerning the Position of ~~Exchange~~-~~Based~~ and Partnership Contracts in Resource Allocation,” p. 88.</ref>

It is said that Mousavian emphasized the application of [[equity-based partnership contracts]] (contracts without a fixed rate of return and based on profit and loss) in his earlier thought,<ref>Ghafourzadeh, “An Examination of the Development of Professor Mousavian’s Thought concerning the Position of Trade-based and Equity-based Partnership Contracts in Resource Allocation,” p. 87.</ref> but later (for example, in the book “Islamic Banking” that is one of his latest books) he regarded [[trade-based contracts]], such as [[murabaha contract|murabaha]], as contracts supported strongly by hadiths and being effective in Islamic banking which are more useful than partnership contracts.<ref>Ghafourzadeh, “An Examination of the Development of Professor Mousavian’s Thought concerning the Position of Trade-based and Equity-based Partnership Contracts in Resource Allocation,” p. 88.</ref>

=== Permissibility of Penalties for Delayed Payment ===

@@ Line 74: / Line 74: @@
 Mousavian held several views on Islamic banking, including:
-=== The Importance of Reciprocal Contracts in Islamic Banking Compared with Partnership Contracts ===
+=== The Importance of Trade-based Contracts in Islamic Banking Compared with Equity-based Partnership Contracts ===
-It is said that Mousavian emphasized the application of [[banking partnership contracts]] (contracts without a fixed rate of return and based on profit and loss) in his earlier thought,<ref>Ghafourzadeh, “An Examination of the Development of Professor Mousavian’s Thought concerning the Position of Exchange-Based and Partnership Contracts in Resource Allocation,” p. 87.</ref> but later (for example, in the book “Islamic Banking” that is one of his latest books) he regarded [[reciprocal contracts]], such as [[murabaha contract|murabaha]], as contracts supported strongly by hadiths and being effective in Islamic banking which are more useful than partnership contracts.<ref>Ghafourzadeh, “An Examination of the Development of Professor Mousavian’s Thought concerning the Position of Exchange-Based and Partnership Contracts in Resource Allocation,” p. 88.</ref>
+It is said that Mousavian emphasized the application of [[equity-based partnership contracts]] (contracts without a fixed rate of return and based on profit and loss) in his earlier thought,<ref>Ghafourzadeh, “An Examination of the Development of Professor Mousavian’s Thought concerning the Position of Trade-based and Equity-based Partnership Contracts in Resource Allocation,” p. 87.</ref> but later (for example, in the book “Islamic Banking” that is one of his latest books) he regarded [[trade-based contracts]], such as [[murabaha contract|murabaha]], as contracts supported strongly by hadiths and being effective in Islamic banking which are more useful than partnership contracts.<ref>Ghafourzadeh, “An Examination of the Development of Professor Mousavian’s Thought concerning the Position of Trade-based and Equity-based Partnership Contracts in Resource Allocation,” p. 88.</ref>
 === Permissibility of Penalties for Delayed Payment ===

Seyed Abbas Mousavian: Difference between revisions