Imam Sadiq University "Islamic Finance Research" (IFR) 2251-8290 4 1 2014 10 23 Explanation of the Issuance Model of Islamic Commercial Paper for Commercial Corporations Explanation of the Issuance Model of Islamic Commercial Paper for Commercial Corporations 45 70 1675 10.30497/ifr.2014.1675 FA Gholam Reza Mesbahi Moghadam Associate Professor, Faculty of Islamic Studies and Theology, Imam Sadegh University 0000-0003-2646-9010 Mohammad Esmaeel Fadaeenejad Associate Professor, Faculty of Management, Shahid Beheshti University Sayyed Ali Sajjadi PhD in Financial Management, Shahid Beheshti University Journal Article 2015 06 07 Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for financing working capital and meeting short-term liabilities. It is one of the most important financial instruments that constitute a significant portion of issued debt securities in financial markets. Nevertheless, commercial paper, like many other conventional financial instruments, has been structured and issued in western financial markets and because of <em>sharia </em>regulations and conditions, it is not allowed to be issued in Islamic markets or for corporations that are committed to Islamic regulations. But Islamic rules and jurisprudence (<em>fiqh</em>) are flexible enough to permit the use of commercial paper based on various allowed contracts. In this paper, we try to develop models for structuring and issuing commercial paper, applicable to commercial corporations that comply with Islamic rules and regulations. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for financing working capital and meeting short-term liabilities. It is one of the most important financial instruments that constitute a significant portion of issued debt securities in financial markets. Nevertheless, commercial paper, like many other conventional financial instruments, has been structured and issued in western financial markets and because of <em>sharia </em>regulations and conditions, it is not allowed to be issued in Islamic markets or for corporations that are committed to Islamic regulations. But Islamic rules and jurisprudence (<em>fiqh</em>) are flexible enough to permit the use of commercial paper based on various allowed contracts. In this paper, we try to develop models for structuring and issuing commercial paper, applicable to commercial corporations that comply with Islamic rules and regulations. https://ifr.isu.ac.ir/article_1675_64f1f27bf1b4ec22924fd0acb550c235.pdf