جدید مالیاتی اداروں میں رائج مرابحہ مؤجلہ: شرعی و فقہی جائزہ

Legal and Jurisprudential Analysis of Deferred Profit Sharing in Modern Financial Institutions: A Comparative Study

Abstract

Islam presents a distinct way of life, encompassing not only rituals and ethics but also providing comprehensive guidance through divine laws in every facet of human existence. Economic activities, vital for human sustenance, are no exception; Islamic principles delineate clear boundaries for economic transactions. Unlike adherents of other religions who formulate economic policies based on incomplete principles, Islam imparts explicit knowledge about the economic domain to its followers.

Economy and finance are essential components of human life, and Islamic teachings provide specific principles and guidelines governing economic activities. In contrast to conventional financial institutions that often operate within self-imposed incomplete frameworks, Islamic institutions adhere strictly to divine regulations. Islamic economic systems include various forms of financial transactions, with one prevalent form being "Mudarabah" (profit-sharing). Within Mudarabah, a subset known as "Mudarabah Mu'ajjal" (deferred profit sharing) has gained significant traction, particularly within Islamic banks.

This article delves into the realm of deferred profit sharing, especially its prevalence in contemporary financial institutions, specifically Islamic banks. The study focuses on conducting a comprehensive analysis of deferred profit sharing in light of Shariah and jurisprudential principles. As Muslims, it is our responsibility to thoroughly examine this practice, ensuring it aligns with the tenets of our faith. Through this examination, we aim to shed light on the jurisprudential and Shariah aspects of deferred profit sharing, providing valuable insights for scholars, practitioners, and policymakers in the Islamic financial industry.