Legal, financial and commitments
Legal, financial and commitments
Commitment
Commitment on the form of tafaol, is from the root of “a h d” and in the word it means to take over and make a covenant. Although the two words covenant and commitment are used in Islamic jurisprudence, the focus of the speech has been used according to its infinitive meaning, i.e. contract.
The word commitment is used as the equivalent of “condition”, “commitment”, “convenant”, “responsibility” and “guarantee”, and it is often used in the topics of guarantee contract, remittance and sufficiency.
The duty and commitment that is a person’s responsibility by law or contract can be financial (spouse’s obligation to pay alimony) or non-financial (custody of a child). Also, the subject of the commitment may be the transfer, surrender of property or abandonment. Some authors consider the law of commitment to include debt, family duties and non-financial matters (Dr. Langaroudi, Dr. Safaei from Iran and Ahmed Sanhouri from Egypt consider the commitment to be general and include non-financial matters in their books).
Commitment is divided into different types as follows:
- Commitment in civil law
- Commitment and contract
- Causes of Commitment
- Commitment of a person in the dimension of legal action
- Types of commitment
Financial
In the field of financial law, it studies the structure and function of the most important elements that make up financial markets, namely banks, stock exchanges, insurance and the laws that govern them. In another definition, it is said that financial law, which studies the legal aspects of money market, capital market (stock market) and insurance issues. It also examines issues related to the budget, taxes and legal aspects of the economic-financial policies of the government.
Financial rights are related to each person’s property, in other words, people have rights to their property. Non-financial rights, such as the right of marriage or the right of custody, which are not related to the material issue, are related to the rights that are outside the property of individuals.
Financial rights are divided as follows:
- Financial rights
- Religious right and objective right
