Compensation of Reduced Currency Value According to Sayings of Ahlulbayt (AS)

The question concerning liability in case of a drop in cash value has been studied by Muslim scholars especially jurists and legal experts to find an appropriate and logical solution to it. It is contended whether or not inflation existed in the time of the Prophet (S) and his household. Ascertain the truth about this issue is highly critical since it has a direct impact on the legal ruling. For this reason, the juridical view and opinion of a number of scholars about a few conflicting narrations that are likely to have something to do with inflation and liability have been studied. They include Allamah Hilli, Sheikh Saduq, Sheikh Tusi, author of al-Hadaeq, Faiz Kashani, author of Al-Anwar al-Lawami', Mirza Naeni, Mohaqiq Bojnourdi, Sabzewari, and some contemporary scholars like Ayatollah Boroujardi, Khoei, Fazel Lankarani (ra), Makarem Shirazi, Ayatollah Shahroudi, Sayyid Sadiq Rouhani, Sheikh Muhammad Sanad and Muhammad Jawad Fazel Lankarani, may Allah grant them long lives. As well, certain articles like A Jurisprudential Study of Compensation of Reduced Currency Value and The Juridical Rule of Reduced Currency Value have been studied in this regard. It is concluded on based on the authentic and primary jurisprudential sources and the approach of prominent jurists that most of the jurists do not see any connection between those narrations and inflation or currency devaluation. In case of any connection, some narrations conflict with the others which prevent a jurist to rely on them in his argumentation. To reconcile between the narrations will require much time and the writer has avoided from doing so. The narrations do not seem to have any problem in terms of chain of transmission, although some objections have been raised against them.  Finally, to study liability and guarantee in reduced currency value, it is necessary to look for a way other than the conflicting narrations.