افراط زراورمؤجل ادائیگیوں پر اس کے اثرات کا فقہی جائزہ

Jurisprudential Analysis of Inflation and Its Impacts on Deferred Payments

Abstract

This research paper studies inflation and its impacts on deferred payments. Qualitative method has been employed in this research. After brief literature review it reveals that If we review the effects of inflation on future debt from a Shariah perspective, the ancient jurists agree that in the event of a change in the value of Thaman e Khalqi (gold Dinar and silver Dirham), payment must be made in the same amount that is owed. But some jurists considered that the payment of value is obligatory in the event of changes in Folus ( فلوس).

With regard to modern-day currencies, especially in the case of inflation, contemporary jurists have debated the rule of future debt, and many of them have emphasized the need to pay the same amount that is owed by debtor to avoid usury. On the other hand, some contemporaries argue that the value should be paid based on the price index. The third opinion of some contemporary jurists is that in the event of significant inflation that people do not neglect to do so, especially if it exceeds one third of the amount of future debt, it is fair to pay the value. Based on this view, some jurisprudential councils have issued fatwas in this regard.Researcher's inclination is towards ensuring equality in payments, and if any discrepancies occur, adjustments in payments are recommended only after the national shariah council's recommendation, with caution taken into consideration.