abstract      uncertainty is one of the general rules of the law of contract that is discussed from different aspects under islamic and iranian law. however, despite the long history of the subject and its importance, there are still ambiguities about its application in contracts especially the new ones. this article succinctly examines the meaning, scope and application of gharar (uncertainty)...

household data are used in this study to assess the transaction costs of obtaining credit from formal and semiformal institutions in rural iran. a survey was employed to gather the data needed to determine the transaction costs that must be borne by the borrower in each step of the credit procurement process. data were collected from a random sample of 459 households, including 272 borrower hou...

Existing theoretical and empirical research on dowries has difficulty accounting for the large changes in dowry levels observed in many countries over the past few decades. To explain trends in dowry levels in Bangladesh, we draw attention to an institutional feature of marriage contracts previously ignored in the literature: the mehr or traditional Islamic brideprice, which functions as a pren...

This paper investigates the ways in which terrorism is linked to education and poverty using data newly culled from Hamas and Palestinian Islamic Jihad (PIJ) documentary sources. The paper presents a statistical analysis of the determinants of participation in terrorist activities by members of the Hamas and PIJ between the late 1980s and May 2002. The resulting evidence suggests that both high...

option contracts are one of the most important financial instruments which have been recently considered as a vehicle for management of risks and development of capital market. in iran, the importance of option contracts is increasingly recognized in the capital market. in this article the legal aspects of option contracts will be examined. for this purpose the views of islamic jurists and lawy...