Quality and Mediocrity and their Impact on the Rulings of Financial Transactions: A Comparative Jurisprudential Study with the Saudi System 10.35781/1637-000-105-001

Abstract

Quality and mediocrity greatly affect financial transactions, whether in Islamic jurisprudence or legal systems, and are the basis of trust between contracting parties. This paper addressed the issue of quality and mediocrity comparing Islamic jurisprudence and the Saudi system, and also examined how the Saudi legal system deals with this issue. The importance of the topic is evident in clarifying the role of quality and mediocrity and their impact on financial transactions, and the extent to which Islamic jurisprudence and the Saudi legal system concern themselves with this role and impact. It answered questions including: What is the jurisprudential impact of the concepts of quality and mediocrity on financial transactions in Islamic jurisprudence? How does this conform to the Saudi legal system? To what extent are the jurisprudential principles related to quality and mediocrity applied in the current Saudi system? The paper aimed to analyze quality and mediocrity in Islamic jurisprudence, study the impact of quality and mediocrity on financial transactions, and compare the Saudi system with Islamic jurisprudence. The method used in the study varies between induction, analysis and comparison. The paper concluded that quality plays a vital role in Islamic jurisprudence and the Saudi system alike, and contributes to enhancing trust between contracting parties, protecting their rights, and preventing fraud and deception. It recommended consistently making awareness campaigns for individuals and companies about the importance of quality in financial transactions, setting clear and specific criteria that regulate the standard of quality and mediocrity, and adhering to them.