THE LEGALITY OF CONTEMPORARY FINANCIAL PAYMENTS IN THE SAUDI SYSTEM AND ISLAMIC JURISPRUDENCE

Abstract

The goal of this study is to determine the legitimacy of financial payments such as fees, taxes, and financial fines in Islamic jurisprudence and the Saudi system. The significance of the research comes from society's need, individuals and interested people to learn about rising financial concerns, to clarify legal rulings for them, and to explain the value of Islamic Sharia and how it affects society's actions. The research has taken the analytical approach of this study and what was new in it, then the comparative approach, by contrasting what has been reached in jurisprudential rulings. The research problem arises in the extent of the diversity of those payments, such as fees, taxes, financial fines, and knowledge of them, and the relationship between the Saudi system and Islamic law; the Saudi regulator applies the provisions of Islamic Sharia in all its transactions, and does not deviate from the principles and rules of Sharia, and that violating the provisions of Sharia or the system is void, and that the position of the Saudi regulator is void. Financially, it is a permit issued in line with Islamic Sharia principles and norms. The research's recommendations, the most essential periodic research should be conducted to assess and estimate costs and financial fines for certain services and infractions in relation to the nature and quantity of the service and offence