A Judicial Review of Gharzolhasane Loan Fees

Islam has invited believers to participate and cooperate in good and right deeds, and has emphasized Gharzolhasane among the good deeds so that this religion has regarded Gharzolhasane (interest-free and wage-free lending)to others as equivalent to lending to Allah, which will endow the lender with much reward. Gharzolhasane is one of the components of the Islamic-Iranian Model of Progress. Hence, it is essential that the Iranian economic policymakers facilitate Gharzolhasane for the realization of the Islamic-Iranian Model of progress and pave the way for it so that this good tradition becomes common in Iran’s economy, the livelihood needs of the poor will be met via the participation of the benevolent and economic inequality will decrease in Iran's economy. For promotion of Gharzolhasane, it is also essential that the Iranian economists reflect and deliberate on different issues and components of this tradition including the factors leading to an increase in Gharzolhasane deposits and similar subjects so that the Gharzolhasane Model can be introduced as the substitute model for the high-interest bank loans in the global economy and Iran’s economy takes a step forward for the realization of the Islamic economy.
One of the issues related to Gharzolhasane is the licensed and non-licensed reception of fees from the Gharzolhasane loans. The purpose of this paper is to have a judicial review of obtaining fees from Gharzolhasane loans. We first reviewed the position of Gharzolhasane in the Islamic traditions and narrations using an analytical approach, and then deliberated on the Gharzolhasane loan fees from the judicial perspective. Having divided the Shia jurisprudents into two groups for and against obtaining fees from Gharzolhasane loans, we supported the viewpoint which is “for” the reception of Gharzolhasane loans using judicial reasoning and then proposed a model for the revival of the good tradition of Gharzolhasane in Iran’s economy