Filter by Categories
Accounting
Banking

Islamic Finance




Ibaha Asliya


A general shari’a maxim (قاعدة شرعية) that all commercial and financial activities are originally permissible by the primary sources of shari’a, unless proved to be otherwise. For instance, shari’a does not forbid any type of sales (ba’i) insofar as it constitutes no violation to the principles and rules of fiqh al-mu’amalat. The term “ibaha asliya” derives from the rule stating that “al-asl fi al-mua’malat al-ibaha” (i.e., in essence, all types of economic transactions are considered permissible).

Ibaha asliya is one type of ibaha as fuqaha usually divide ibaha into ibaha asliya and ibaha shar’iyya. The former is one for which there is no definitive “prohibiting” text (nass) in the primary sources of Islamic law. The latter arises due to some emerging circumstances that render an impermissible thing or act permissible, subject to specific stipulations.

Ibaha asliya is Arabic (إباحة أصلية) for presumed permissibility, basic permissibility, or original permissibility.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*