Ruling on economic dumping in Islamic jurisprudence (Comparative jurisprudential study)
Keywords:
Dumping, selling below market rate, pricing, market value, economy, contemporary financial transactionsAbstract
Dumping is one of the biggest challenges facing local and international economies in these days. This study examines the phenomena of Dumping; Where the study traced the history of the term and described the origin of its legislation, impact on economics, forms and aims. And the study also connects dumping as economic form to the Islamic rules govern the market; with the presentation to the opinions of the Islamic scholars and their evidences. All that with a deep discussion of scholar opinions and the compare between them. The comes to conclusions concluded that dumping is permissible in Islamic Sharia unless it is harmful to the others or result in minor harm or result in a significant interest, but if it causes unusual public gross damage, It is impermissible due to the consequences on the market balance, system and stability.