Document Type : Original Article

Authors

1 PhD student, Department of Private Law, Islamic Azad University, Tehran Branch

2 Assistant Professor, Department of Private Law, College of Law, Theology and Political Science, Tehran science and research branch, Islamic Azad University, Tehran, Iran.

3 Assistant Professor, Department of Private Law, Faculty of Law, Islamic Azad University, Science and Research Branch, Tehran, Iran

4 Assistant Professor, Law Department, Faculty of Law, Islamic Azad University, Tehran, Iran

Abstract

Considering its nature, Islamic banking requires a special type of monitoring methods in order to adapt the activities of the banking system to the principles and laws of Sharia. In this research, it has been tried to justify the necessity of sharia supervision in the banking system with jurisprudential bases such as the rule of of gharar, prohibition of usury, harm, preservation of public interests, and the lack of innocence of the rulers and numerous legal documents such as the two, four and seventy-first principles of the constitutional law. The basic as well as the existential philosophy of approving the law on banking operations without usury and other related regulations, the necessity of Sharia supervision in this field should be emphasized and examined. International Islamic financial institutions have presented solutions for the implementation of the mentioned institution in the banking system of Islamic countries, which have been implemented in most of the countries with Islamic banking structure. In Iran, during the last few years, we have witnessed the relative stabilization of a position with supervisory, executive and legislative dignity for the Sharia inspector; but the country's banking system is still at the beginning of the path until it is implemented and the results of Sharia supervision are realized. Removing obstacles and providing solutions for the implementation of Sharia supervision requires examining the jurisprudential foundations, explaining the solutions and training for its implementation, which is also the purpose of this research. In this research, the above issue has been discussed and investigated by relying on the descriptive-analytical method from the point of view of legal jurisprudence.

Keywords

  • The Holy Quran
  • Agha Mahdavi, Asghar, 2014, another look at the rule of harmlessness, two specialized scientific journals, Fiqhi Research Journal, third year, number 2, spring and summer 2014, 6 consecutive, pp. 123 to 1141.
  • Abuei Mehrizi, Hassan, 2000, the basics of the rule of harm from the point of view of the Imamiyyah jurisprudents, Research Journal of Human Sciences, 1st year, 1st issue, pp. 41 to 82.
  • Akhwan Kazemi, Bahram, 2013, Supervision in the Islamic System, first edition, Tehran, Islamic Culture and Thought Research Institute Publications.
  • Anuri, Hassan, 2002, Farhang Bozor Sokhon, Volume 8, 5th edition, Tehran, Sokhon Publishing House.
  • Ibn Shuba Harrani, Hasan bin Ali, 1404 AH, Tuhf al-Aqool from the House of the Prophet, may God bless him and his family, Qom, Jamiat al-Madrasin,
  • Pirniakan, Amir Latfullah, 2019, the concept and types of supervision and control in Iranian law, Interdisciplinary Legal Research Quarterly, first volume, first issue, spring 2019, pp. 67-79.
  • Taghizadeh, Khadijah, 2013, "Islamic banking in some countries of the world", review of economic issues and policies, Vol. 6 and 7, 47-80.
  • Tahidi, Mehrdad, Shahi, Mohammad Sharif, Ahmadi, Mohammad Sadeq, Dai Karimzadeh, Saeed, 2019, "Analysis of the legal aspects of the Central Bank's supervision over the banking system in Iran", Legal Research on Private and Criminal Law, Vol. 45, 87-113.
  • Tahidi, Mohammad, Fatahi, Alireza, 2018, extracting the components of Sharia supervision improvement in Iran's capital market based on international standards (case study: AAOIFI and IFSB international standards), Securities and Exchange Quarterly No. 47, Year 12, p. 154 up to 181.
  • Jafari Langroudi, Mohammad Jaafar, 2006, expanded on the terminology of legal science, Ganj Danesh, Tehran.
  • Jamal al-Din Makki al-Omili, Shams al-Din Muhammad (the first martyr), 1308 AH, Al-Qawam and al-Fawaid, lithography, Bina.
  • Johari, Ismail bin Hammad, 1407 AH, Al-Sahah Tajul-Lagheh and Sahah Al-Arabiyyah, Beirut, Vol.
  • Habibnejad, Seyed Ahmad, Ameri, Zahra, 2013, Basics of Monitoring in the Islamic Republic of Iran's Constitutional Law System, Political Science Quarterly, Year 17, Number 65, Spring 2019, pp. 7-32.
  • Hossein Nejad, Syed Jamtabi, 2017, review of the nature, foundations and objectives of supervision and inspection in Shia jurisprudence, the 6th National Conference on Sustainable Development in Educational Sciences and Psychology, Social and Cultural Studies, Tehran.
  • Hakimi, Mohammadreza, Hakimi, Mohammad and Hakimi, Ali, 1995, Al-Hayya, Chapter Fourteen: Al-Raba, Shalakh, Jabar, Volume 5, Tehran: Farhang Islamic Publishing House, p. 409.
  • Dehkhoda, Ali Akbar, 2006, Dehkhoda Dictionary, Tehran, University of Tehran Publishing and Printing Institute.
  • Rezaizadeh Barvati, Mohammad Javad, Ebrahimi, Mehdi, Bahadari Jahormi, Mohammad, 2021, the requirements of Sharia supervision of the jurists of the Guardian Council in the constitutional law system of the Islamic Republic of Iran, two quarterly scientific journals of Islamic Law Research, year 22, number 2 (54 consecutive) ), pp. 583 to 604.
  • Rouhani, Ali, Bani-Taba, Mehdi, 2015, "Pathology of the banking system, 7 Sharia supervision of the Central Bank", Deputy of Economic Research of the Islamic Council.
  • Sheikh Sadouq, Ayun Al-Reza (a.s.), Nasher Jahan, Tehran, vol. 2, p. 93.
  • Sheikh Sadouq, Allal Al-Sharia, Al-Davari School, Qom, vol. 2, p. 482.
  • Sheikh Mohammad Hossein Esfahani, Hashieh Makasab, Islamic Resources Collection, Qom, vol. 1, p. 300.
  • Faqihi, Seyedah Fatemeh, Asakreh, Zeinab, 1400, legal analysis of the effects of Shari'a supervision of the jurists of the Guardian Council on laws and regulations, Islamic Government, 99, pp. 28-5.
  • Sheikh Kilini, Al-Faroo Kafi, 1428, Al-Fajr Publications, Beirut, Volume 5, p. 146.
  • Alidoost, Abul Qasem, 2013, the rule of negation of Gharr in transactions, Islamic Economy, No. 9, Volume 3, pp. 89-106.
  • Omid Zanjani, Abbas Ali, Mousizadeh, Ebrahim, 1389, supervision of government practices and administrative justice, Tehran, Tehran University Press.
  • Ali bin Ibrahim Qomi, 2020 AH, Tafsir Qomi, volume 1, Qom: Darul Kitab Institute, volume 1., p. 93.
  • Mortezaei, Seyyed Ahmad, 2018, electoral or survey supervision, jurisprudence, legal supervision of the Guardian Council on elections. Qom: Imam Khomeini Educational and Research Institute, p. 44.
  • Mousavi Khomeini, Seyyed Ruhollah, 2006, translated by Tahrir al-Wasila, translator: Institute for Editing and Publishing Imam Khomeini's Works, Tehran, Institute for Editing and Publishing Imam Khomeini's Works.
  • Moin, Mohammad, 1981, Farhang Persian Moin, Vol. 2, 4th edition, Tehran, Amir Kabir Publishing House.
  • Mousaviyan, Seyyed Abbas, 2011, "The role of the specialized jurisprudential council in improving the level of legitimacy and efficiency of Islamic banks", Islamic banking special issue, September 2013, pp. 16 to 23.
  • Misami, Hossein, 2011, comparative study of monitoring patterns of Islamic institutions in countries, Economic News, Islamic Banking Special Letter, pp. 56-61.
  • Maithami, Hossein, Qalich, Wahab, 2011, Shariah supervision and Shariah risk in Islamic banking: implications for the transformation plan of the banking system, economic news, special issue of Islamic banking, number 130, year 8, pp. 3-12.
  • Nazarpour, Mohammad Naqi, Yousefi Sheikh Bahar, Mohammad Reza, Ebrahimi, Maymant, 2014, the indicators of usury prohibition in the operation of usury-free banking in Iran (a case study of the facilities granted by Mashhad Tejarat Bank branches), economic studies and policies, period 10, fall and Winter 2013, No. 2, pp. 68-95.
  • Nahj al-Balagheh translated by Mohammad Dashti.
  • Nawabi Moghadam, Zeinab, Zare, Ali, Yousefi Sadeghlou, Ahmad, Jamali, Jaafar, 2022, jurisprudence and legal examination of conflicts of interest in non-governmental banks, studies of Islamic jurisprudence and law, Semnan, volume 14, number 26, April 1401 (spring of 2022 ) pp. 359 to 386.
  • Valizadeh, Hossein, 2018, the effect of the harmless rule in civil liability and the role of the action rule in its effect, Qonun Yar Legal Scientific Quarterly, Volume 3, Number 10, pp. 331 to 348
  • https://hawzah.net/fa/Article/View/92496/%D8%B1%D8%A8%D8%A7-%D8%A7%D8%B2-%D9%86%D8%B8%D8%B1-%D8%B3%D9%86%D8%AA
  • https://mbri.ac.ir/IslamicBanking/IslamicBanking_Page?News_ID=314603