The Economics of Prohibition The Economics of Prohibition
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An Economic Explication of the Prohibition of Ribā in Classical Islamic Jurisprudence
This paper presents an economic argument that the prohibition of Ribā in classical Islamic Jurisprudence can be explained by appealing to precommitment and economic efficiency considerations. Our starting point is an argument provided by ’Ibn Rush ̄ d in Bidāyat alMujtahid wa Nihāyat al-Muqtas . id. ’Ibn Rush ̄ d provides a juristic explication of the “Objectives of The Law” (Maqās . id al-Sh ̄ ar̄...
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The forbidden bay‘u al-gh ̄ arar can best be translated as “trading in risk”. In the face of risk, any trade would involve some degree of trading in risk, and thus jurists disagree over whether a specific contract is forbidden or not based on their varying assessments of whether the amount of risk is substantial or small. Moreover, the prohibition is often overruled in cases where clear economic...
متن کاملAlcohol Prohibition and Addictive Consumption in India
This paper examines the effects of alcohol prohibition on the consumption of alcohol and other addictive goods. Using a series of household expenditure surveys for India, it finds that alcohol prohibition had differential effects on alcohol consumption by alcohol type and sector. In particular prohibition reduced consumption of arrack, IMFL, and beer in both urban and rural sectors, although it...
متن کاملمبانی فقهی حرمت استعمال مواد مخدر
Objective: Due to various factors, such as the ease of production of narcotics, this issue has become more prevalent in all human societies, including Islamic Iran. Therefore, the present paper examines the jurisprudence principles of the prohibition of drug use. Results: From the public and certain Quranic verses, one can explicitly and clearly discover the religious prohibition of drug use. F...
متن کاملThe dichotomy of prohibition and acceptance of music in the Ghaznavid period
Abstract One of the important cultural issues after the domination of Islam is the attitude to music. In the analyses carried out by Islamic scholars, the use of music was distinguished into two permitted and non-permitted flows. As a result of the use of illegal music, two discourses of sanctions and acceptance were formed, which were qualitatively and quantitatively different. In the Ghaznavi...
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