A جدید مالیاتی نظام میں استصناع کا تصور اورمروجہ طریقہ کار

Concept of Āstṣnāʿ in Modern Financial System & Prevailing Procedure

Abstract

Factors of production are of utmost importance in any economic financial system, however, people involved in these productive elements such as agriculture or manufacturing occupations do not always have enough money to meet their various needs in the process of producing goods. For example, procurement of equipment, purchase of raw materials and labor etc. The modern economic and financial system tells such people only the interest base loan whereas Islam prohibits usury completely and provides an alternative method. In the following research paper (article), in the light of Qur'an and Sunnah and the opinions of the jurists the importance, use, conditions and other issues of Āstṣnāʿ in modern financial system and the procedures used in modern financial institutions (banks) have been discussed the modern Islamic banking and financial system is a day-to-day development decision. The productive capacity of the economy has also increased by meeting the commercial cooperation of high financiers of various Islamic ways. In this scenario, the method of Āstṣnāʿ plays a very important and key role. Under this contract, where the financial need of the trader is fulfilled, the buyer also gets what he likes, which is not available for the purpose of any other contract.