Search
Generic filters
Filter by Categories
Accounting
Banking

Islamic Finance




Presumption of Continuity


Or istishab in Arabic; it is a doctrine of Islamic law (shari’a), and a secondary source of shari’a, which refers to the application of a previous ruling (hukm) as long as no other contradictory or negating evidence is available from a definitive main source (Qur’an or Sunnah). For instance, if a person claims he lent another an amount of money, and demands repayment. But there is no material proof of this debt. Istishab (spelled istis-hab) will consider the other person free from debt as there is no tangible proof of his liability in the first place.



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    Your email address will not be published.*