In a world where money fluctuates and currency values change, debt becomes a burden weighing down individuals and institutions. But what happens when the value of the money that was the basis of the debt erodes? And how can Islamic Sharia—valid for every time and place—offer solutions to modern economic problems like debt rescheduling? This book takes us on a deep and engaging jurisprudential journey, not limited to narrating dry religious rulings but delving into understanding contemporary reality. It is not just academic research, but a real attempt to decode one of the most pressing financial issues of today. Through a precise descriptive, analytical, and inductive methodology, Prof. Dr. Fatma Gaber El-Sayed Yousef, professor of comparative jurisprudence, dissects this complex issue. The book explores how financial institutions and individuals can deal with currency value changes without falling into religious prohibitions like pre-Islamic usury. It offers practical answers to fateful questions: when is debt deferment permissible? What are the consequences of that? And how can the rights be reconciled?
Currency DevaluationDebt in IslamDebt RestructuringFiqhIslamic EconomicsIslamic FinanceRiba