The Necessity of Debt and Transaction Recordation from the Viewpoint of the Qur’ān

The execution and recordation of transaction and debt deeds is one of the main solutions to bring organization into the Iranian judiciary. To this end and in order to guarantee people's rights and reduce the disputes, the notary public offices undertake the important task of executing the transaction and debt deeds. The study at hand aims at investigating the qur’ānic viewpoints on the necessity of recording the debt and transaction deeds and wants to find the qur’ānic solutions for the recordation of these deeds. Relying on the opinions of outstanding Imāmīte jurists, this study has found out that although some scholars have ruled for the desirability of the debt recordation, the majority of scholars have relied on the imperative sentence "reduce them to writing" (Qur’ān ۲:۲۸۲) to rule for the general obligation of the debt recordation. It has been even deemed necessary not to forget recording the small non-cash deals because the advantage of deed execution is that it guarantees the implementation of justice in society and the establishment of a healthy economy. According to the common opinion, the scribes and witnesses should be secure and immune. Any act that harms them should be avoided, because causing damages to them means disobedience of God and leads to wickedness in transactions.

Keywords:

Debt recordation , Debtor , Deed scribe , Deed execution