Feasibility of eliminating usury from the concept of interest in the United Nations Convention on Contracts for the International Sale of Goods

Document Type : Original Article

Authors

1 Associate Professor, Department of Law, Yasuj Branch, Islamic Azad University, Yasuj, Iran (Corresponding Author)

2 Assistant Professor of Private and Islamic Law, Shiraz University, Shiraz, Iran.

3 Associate Professor, Department of Islamic Studies, Kashan University, Kashan, Iran.

Abstract

The provision of the right to claim interest on the price in the United Nations Convention on Contracts for the International Sale of Goods, known as the 1980 Vienna Convention, has caused many Islamic countries not to welcome it. In the case of Iran, although it cannot be said that it was not joined because the Iranian legislator has not yet paid attention to it to find out what its position is, the rule of Islamic Sharia over the country on the one hand, and the existence of the law on the sanctity of usury in Imami jurisprudence on the other hand, it makes challenges to the legislator on illegitimacy. It is obvious that in case of compliance with the desired interest, joining it will be ruled out, but based on justifications that will be discussed, it can be considered excluded from the scope of usury. Statements such as interest as a compensation for the decrease in the value of the price, interest as a compensation for the lost value of the price, responsible interest based on the principle of Ala- alyad, the conceptual absence of riba with it, and the theory of the disrespect of inferential usury are things that can be inferred based on them. The upcoming research, with a brief introduction of the scope of interest in the convention and also a brief look at the determination rule, examines its exclusion from the scope of usury prohibited by Sharia based on the aforementioned principles.

Keywords

References

  • Abbaslou, Bakhtiar (2018). Civil Liability: A Comparative Perspective. Tehran: Mizan.
  • Abbasi, Hassan; Valizadeh, Mohammad-Javad (2008). The Effect of Customary Practice on the Juridical Ruling of Compensation for Currency Depreciation, Islamic Studies and Law Quarterly, 2, pp. 273–298.
  • Abhari, Hamid; Farzanegan, Mohammad; Zahoori, Somayeh (2017). Rules and Conditions Governing the Claim for Delay Damages in Iranian Law and CISG, Comparative Legal Studies Quarterly, 8(1), pp. 79–94.
  • Al-Hilli (Allama), Hasan ibn Yusuf (n.d.). Tadhkirat al-Fuqaha, Vol. 2. Qom: Murtazavi.
  • Al-Kulayni, Muhammad ibn Ya'qub (2009). Al-Kafi, Vol. 10. Qom: Dar al-Hadith.
  • Al-Sanouri, Abdul Razzaq (2012). Sources of Law in Islamic Jurisprudence, Vol. 3. Tehran: Khorsandi.
  • Al-Zuhayli, Wahbah (2006). Islamic Jurisprudence and Its Proofs, Vol. 5, 3rd ed. Tehran: Ehsan.
  • Ali, Jawad (2001). Al-Mufassal fi Tarikh al-Arab Qabl al-Islam, Vol. 5. Tehran: Sharif Razi.
  • Amerinia, Mohammad Baqir (2023). Legal Challenges of Money Creation in Banking Operations. Tehran: Mizan.
  • Ansari (Sheikh), Morteza ibn Mohammad-Amin (2020). Al-Makasib, Vol. 6, 26th ed. Qom: Sheikh Ansari Congress.
  • Ardabili (Muqaddas), Ahmad ibn Mohammad (1983). Majma' al-Fa’idah wa al-Burhan fi Sharh Irshad al-Adhhan, Vol. 7. Qom: Islamic Publishing Institute.

  • -Aslihan Bulut (ed), ‘Country Profiles’, Sharia Source at. Harvard Law School (Web Page).

  • Barikloo, Alireza (2018). Civil Liability, 8th ed. Tehran: Mizan.
  • Bulut, Aslihan (ed.). Country Profiles, Sharia Source at Harvard Law School. (Web Page).
  • Colin et Capitant (1932). Cours Élémentaire de Droit Civil Français, Vol. 2. Paris, p. 543.
  • Darabpour, Mehrab (2016). Commentary on International Sale of Goods Law, Vol. 3, 3rd ed. Tehran: Ketabkhaneh-ye Ganj-e Danesh.
  • Faghihi, Seyyed Hassan Mousavi Bojnourdi (1998). Fiqh Principles. Qom: Al-Hadi.
  • Haeri Yazdi, Seyyed Mahmoud Hashemi Shahrudi (1995). Juridical Rulings on Currency Depreciation, Fiqh Ahl al-Bayt Journal, 30, pp. 144–194.
  • Hayati, Ali Abbas (2002). Effects of Contract Termination in CISG and Civil Law of Iran, Egypt, and France, Religion & Communication Journal, 15, pp. 73–96.
  • Hosseini Maraghi, Seyyed Mir Abd al-Fattah (2008). Al-‘Anawin, Vol. 2, 3rd ed. Qom: Islamic Publishing Institute.
  • Jafari Langroudi, Mohammad Jafar (2009). Al-Fariq, Vol. 2, 2nd ed. Tehran: Ketabkhaneh-ye Ganj-e Danesh.
  • Khomeini (Imam), Seyyed Ruhollah (n.d.). Tahrir al-Wasilah, Vol. 2. Tehran: Islamiyyah.
  • Khoei, Seyyed Abul Qasim (2014). Comparative Treatise on Jurisprudential Questions. Qom: Islamic Publishing Institute.
  • Makarem Shirazi, Naser (1997). New Jurisprudential Inquiries, Vol. 2, 3rd ed. Qom: Madreseh Amir al-Mu’minin (AS).
  • Motahari, Morteza (2001). Collected Works, Vol. 20. Tehran: Sadra.
  • Mousavi Bojnourdi, Seyyed Mohammad (1993). Jurisprudential and Legal Inquiries on Currency Depreciation, Rahnamoun Journal, 6, pp. 96–115.
  • Nafari, Javad; Andalibi, Ali (2023). A Study on Usury-Avoidance Tricks with Emphasis on 'Aynah Sale, Islamic Jurisprudence and Law Studies Quarterly, 28, pp. 325–348.
  • Najafi (Sahib al-Jawahir), Mohammad Hasan (2020). Jawahir al-Kalam fi Sharh Sharaye' al-Islam, Vol. 26, 4th ed. Qom: Islamic Publishing Institute.
  • Rashdi, Mirza Habibollah (2009). Kitab al-Ghasb, Ed. Hassan Ghasemi. Tehran: Shahid Motahari Higher School.
  • Safa’i, Seyyed Hossein; Kazemi, Mahmoud; Adel, Morteza; Mirzanejad, Akbar (2023). International Sale of Goods Law, 12th ed. Tehran: University of Tehran Press.
  • Sanei, Yusef (2006). Judicial Inquiries, 2nd ed. Tehran: Mizan.
  • Shahidi, Ali (2021). A Study and Analysis of the Full-Reserve Banking System, Meeting of the Resistance Economy Think Tank, March 8, 2021.
  • Taqipour, Bahram; Khoueini, Ghafoor; Masoudi, Samira (2018). Domestic Barriers to Iran’s Accession to CISG, Judicial Law Perspectives Quarterly, 84, pp. 23–48.
  • Valizadeh, Mohammad Javad, & Haeri, Mohammad Hasan (2010). The Relationship Between Nominal and Real Compensation in the Context of Currency Depreciation, Journal of Islamic Jurisprudence and Legal Studies, 2(3), 132–161.
  • Zohayri, Abdolkarim al-Safi (2010). Al-Dhaman fi al-Fiqh al-Islami: Comparative Study on Its Causes and Fields in Contracts. Tehran: Forum for Proximity of Islamic Schools.
Journal of Studies in Islamic Law & Jurisprudence
Volume 17, Issue 39
June 2025
Pages 123-152

Files

Share

How to cite

Statistics