Nujdeb

Nujdeb is a term used in the context of Islamic finance and economics, particularly in the Islamic Republic of Iran. It refers to the concept of "just price" or "fair price," which is a central principle in Islamic economics. The term is derived from the Arabic word "nujd," meaning "need" or "requirement," and "jab," meaning "price."

The concept of nujdeb is based on the idea that the price of goods and services should be determined by the needs and requirements of the community, rather than by market forces alone. This principle is rooted in the Islamic teachings of justice and equity, which emphasize the importance of fairness and the distribution of wealth in a way that benefits society as a whole.

In the context of Iran, nujdeb has been used to justify state intervention in the economy and the redistribution of wealth. The Iranian government has implemented various policies and programs aimed at ensuring that the "just price" is maintained for essential goods and services, particularly for basic necessities such as food, housing, and healthcare. These policies have been criticized by some as being overly interventionist and as leading to shortages and inefficiencies in the economy.

Critics of nujdeb argue that the concept is vague and difficult to implement in practice, and that it can lead to distortions in the market and a lack of incentives for innovation and efficiency. Proponents of nujdeb, however, maintain that the principle is essential for creating a just and equitable society, and that it can help to address the inequalities and injustices that exist in many economies.