Àrbūn &
Recognizance in Real Estate Transactions
Author: Rouhollah Khalaji
Email: www.rkz.ir@gmail.com
Abstract
Àrbūn is a kind
of earnest-payment which has a
recognizance nature and can be payed by
buyers in both real estate deals and
lease contracts in Islamic civil law. Actually
this contract was
common in early Islamic history. In this research we will observe Àrbūn
from historical and jurisprudential points of view, i.e. we will quote all
Islamic schools opinions on this issue. Since the nature of this type of
contract is not explicit for most of the lawyers and Islamic jurists, we will
assess its nature and validity from legal point of view. We will also compare
the Àrbūn transaction with international contracts and real estate deals made
in Iran. The corner stone of this observation is to evaluate correctness of
recognizance in real estate transactions. Finally we will suggest a basically
valid and correct sort of prepayment in bills of sale from Shiite
jurisprudential view.
Keywords
Àrbūn
, Recognizance, Down-payment,
Bill of Sale, International
Contracts
www.rkz.ir/post/4525
طبقه بندی:
حقوق قرارداهای تجاری،
حقوق مدنی،
قراردادها و ایقاعات،
Legal English Language،
برچسب ها:
Recognizance،
Bill of Sale،
International Contracts،
real estate transactions،
Shiite jurisprudential،
Payment،
Islamic Civil Law،
