Seyed Abbas Mousavian

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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 ===

=== Superiority of the Islam-based Method over the Fiqh-based Method ===

~~One method for assessing banking matters~~ and financial instruments ~~is the jurisprudence~~-~~centered~~ method; that ~~is,~~ banking methods or financial instruments ~~must~~ not conflict with ~~jurisprudence~~. ~~Moving beyond this view~~, Mousavian ~~advocated replacing the jurisprudence~~-~~centered method with an Islam~~-~~centered~~ method. ~~The~~ Islam-~~centered~~ method adopts a systemic and multidimensional approach to human conduct and interactions. Some researchers in economic ~~jurisprudence~~ have regarded Mousavian’s theory as a movement toward the development of knowledge in this field.<ref name=":0">Mirmoezzi and Ghafouri, “The Development of Professor Mousavian’s Intellectual Method: From the Jurisprudence-Centered Method to the Islam-Centered Method,” pp. 40-58.</ref>

Banking issues and financial instruments could be evaluated by Fiqh-based method. This method aims to ensure that banking methods or financial instruments do not conflict with Islamic jurisprudential rulings. On the other hand, Mousavian proposed Islam-based instead of Fiqh-based method. Islam-based method adopts a systemic and multidimensional approach to human conduct and interactions. Some researchers in economic Fiqh have regarded Mousavian’s theory as a movement toward the development of knowledge in this field.<ref name=":0">Mirmoezzi and Ghafouri, “The Development of Professor Mousavian’s Intellectual Method: From the Jurisprudence-Centered Method to the Islam-Centered Method,” pp. 40-58.</ref>

==== Explanation of the Jurisprudence-Centered Method ====

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 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 ===
+=== Superiority of the Islam-based Method over the Fiqh-based Method ===
-One method for assessing banking matters and financial instruments is the jurisprudence-centered method; that is, banking methods or financial instruments must not conflict with jurisprudence. Moving beyond this view, Mousavian advocated replacing the jurisprudence-centered method with an Islam-centered method. The Islam-centered method adopts a systemic and multidimensional approach to human conduct and interactions. Some researchers in economic jurisprudence have regarded Mousavian’s theory as a movement toward the development of knowledge in this field.<ref name=":0">Mirmoezzi and Ghafouri, “The Development of Professor Mousavian’s Intellectual Method: From the Jurisprudence-Centered Method to the Islam-Centered Method,” pp. 40-58.</ref>
+Banking issues and financial instruments could be evaluated by Fiqh-based method. This method aims to ensure that banking methods or financial instruments do not conflict with Islamic jurisprudential rulings. On the other hand, Mousavian  proposed Islam-based instead of Fiqh-based method. Islam-based method adopts a systemic and multidimensional approach to human conduct and interactions. Some researchers in economic Fiqh have regarded Mousavian’s theory as a movement toward the development of knowledge in this field.<ref name=":0">Mirmoezzi and Ghafouri, “The Development of Professor Mousavian’s Intellectual Method: From the Jurisprudence-Centered Method to the Islam-Centered Method,” pp. 40-58.</ref>
 ==== Explanation of the Jurisprudence-Centered Method ====

Seyed Abbas Mousavian: Difference between revisions