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Banking and Finance Law

Maurer Theses and Dissertations

Theses/Dissertations

Unclaimed accounts

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Unclaimed Money In Saudi Banks, Abdulrahman Almasnad Mar 2016

Unclaimed Money In Saudi Banks, Abdulrahman Almasnad

Maurer Theses and Dissertations

A law shall not violate its sources, especially if the sources are not subject to being overruled or ignored. However, one of the essential Islamic objectives is preserving the wealth “property.” This preservation requires protecting wealth from being acquired in illegitimate way, which will prevent the owners from controlling and enjoying their wealth. Islam protects true owners themselves from getting harmed or facing suffering caused by engaging in a transaction that involved their property. In making the law, Islamic scholars contend that any deliberate act that creates harm or makes someone suffer is “strictly prohibited” and must be rebuked. This …