Canonical and Legal Barriers to Debt Buying in Iran
DOI:
https://doi.org/10.24200/jsshr.vol4iss02pp50-57Abstract
Usage of high capacities of canonical contracts by designing and creation of modern financial tools on the basis of holy Sharia of Islam is one of the fundamental measures and solutions in realizing economic and commercial development and dynamicity, especially in Islamic countries. Span, progress and complexity of economic relations and modern commercial trades have resulted in various emerging issues which reveal the necessity of research in raised jurisprudential and legal problems about these new topics. Methodology: In this paper we are intending to explain reasons for inefficiency of debt buying contract in Iran and to find its canonical and legal barriers. Especially that investigations reveal that this legal entity is interested by businessmen and banking system of Iran in order to provide short-term liquidity. Results: So, there is no doubt that any measure in order to clarify its vague angels and its drawback and defects can be useful. Conclusion: In this way, removing these barriers and problems will cause that businessmen, banks, and financial and credit institutions can exploit this financial tool without worrying.References
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