Juridical Restudy of the Suspicion of Sale of Al-Aina in the Capital Market Tools of the Islamic Republic of Iran

"Bay al-Aina" is one of the basic issues related to Islamic financial instruments in the capital market, which causes a number of capital market instruments to face a Sharia challenge. In this article, in an analytical-descriptive way, the jurisprudential ruling of Bay' al-Aina has be...

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Main Authors: Sayyed Mohammad Aminzadeh, Mohammad Mehdi Fereydooni
Format: Article
Language:fas
Published: Imam Sadiq University 2024-07-01
Series:تحقیقات مالی اسلامی (پیوسته)
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Online Access:https://ifr.isu.ac.ir/article_77323_a6a8ae036a22896a9bb893c7ac378d4f.pdf
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author Sayyed Mohammad Aminzadeh
Mohammad Mehdi Fereydooni
author_facet Sayyed Mohammad Aminzadeh
Mohammad Mehdi Fereydooni
author_sort Sayyed Mohammad Aminzadeh
collection DOAJ
description "Bay al-Aina" is one of the basic issues related to Islamic financial instruments in the capital market, which causes a number of capital market instruments to face a Sharia challenge. In this article, in an analytical-descriptive way, the jurisprudential ruling of Bay' al-Aina has been re-examined, and after expressing the views of the jurists, the specific evidences surrounding it have been examined. According to the prevailing jurisprudential opinion, it is certain that the sanctity and nullity of the sale of al-Aina are reserved for the place where there are two conditions: a) we are faced with the combination of two sales contracts, one of which is cash and the other is a loan, and b) the second sale is in the first sale. be a condition The findings of the article show that the prevailing jurisprudential opinion is a point of controversy, and from the narrations in this regard, even with the mentioned conditions, the ruling of sanctity and invalidity cannot be deduced. In the end, the capital market tools that are facing the suspicion of bias have been examined; The results of the research indicate that the conventional repo, the combination of sale and lease with the condition of acquisition and sale with the addition of the option to buy and the option to sell, according to the investigation, none of them are condemned or invalidated due to the suspicion of sale of al-Ainah.
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institution Kabale University
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2588-6584
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publisher Imam Sadiq University
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series تحقیقات مالی اسلامی (پیوسته)
spelling doaj-art-d2a7127ec00f4b2f940d5f7403389f242025-01-26T16:06:06ZfasImam Sadiq Universityتحقیقات مالی اسلامی (پیوسته)2251-82902588-65842024-07-0113218121810.30497/ifr.2024.245777.187477323Juridical Restudy of the Suspicion of Sale of Al-Aina in the Capital Market Tools of the Islamic Republic of IranSayyed Mohammad Aminzadeh0Mohammad Mehdi Fereydooni1Faculty Member, Tolo Mehr University, Qom, IranExpert, Research Management, Development and Islamic Financial Studies, Securities and Exchange Organization, Tehran, Iran"Bay al-Aina" is one of the basic issues related to Islamic financial instruments in the capital market, which causes a number of capital market instruments to face a Sharia challenge. In this article, in an analytical-descriptive way, the jurisprudential ruling of Bay' al-Aina has been re-examined, and after expressing the views of the jurists, the specific evidences surrounding it have been examined. According to the prevailing jurisprudential opinion, it is certain that the sanctity and nullity of the sale of al-Aina are reserved for the place where there are two conditions: a) we are faced with the combination of two sales contracts, one of which is cash and the other is a loan, and b) the second sale is in the first sale. be a condition The findings of the article show that the prevailing jurisprudential opinion is a point of controversy, and from the narrations in this regard, even with the mentioned conditions, the ruling of sanctity and invalidity cannot be deduced. In the end, the capital market tools that are facing the suspicion of bias have been examined; The results of the research indicate that the conventional repo, the combination of sale and lease with the condition of acquisition and sale with the addition of the option to buy and the option to sell, according to the investigation, none of them are condemned or invalidated due to the suspicion of sale of al-Ainah.https://ifr.isu.ac.ir/article_77323_a6a8ae036a22896a9bb893c7ac378d4f.pdfbiy al-ainafinancial instrumentscapital marketfinancing
spellingShingle Sayyed Mohammad Aminzadeh
Mohammad Mehdi Fereydooni
Juridical Restudy of the Suspicion of Sale of Al-Aina in the Capital Market Tools of the Islamic Republic of Iran
تحقیقات مالی اسلامی (پیوسته)
biy al-aina
financial instruments
capital market
financing
title Juridical Restudy of the Suspicion of Sale of Al-Aina in the Capital Market Tools of the Islamic Republic of Iran
title_full Juridical Restudy of the Suspicion of Sale of Al-Aina in the Capital Market Tools of the Islamic Republic of Iran
title_fullStr Juridical Restudy of the Suspicion of Sale of Al-Aina in the Capital Market Tools of the Islamic Republic of Iran
title_full_unstemmed Juridical Restudy of the Suspicion of Sale of Al-Aina in the Capital Market Tools of the Islamic Republic of Iran
title_short Juridical Restudy of the Suspicion of Sale of Al-Aina in the Capital Market Tools of the Islamic Republic of Iran
title_sort juridical restudy of the suspicion of sale of al aina in the capital market tools of the islamic republic of iran
topic biy al-aina
financial instruments
capital market
financing
url https://ifr.isu.ac.ir/article_77323_a6a8ae036a22896a9bb893c7ac378d4f.pdf
work_keys_str_mv AT sayyedmohammadaminzadeh juridicalrestudyofthesuspicionofsaleofalainainthecapitalmarkettoolsoftheislamicrepublicofiran
AT mohammadmehdifereydooni juridicalrestudyofthesuspicionofsaleofalainainthecapitalmarkettoolsoftheislamicrepublicofiran