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Islamic Commercial Laws

The people of hiyal (stratagems) have artificially made it a controversial contract: Is it allowed or is it forbidden? Is it a sale or a rahn (mortgage, collateral) for those who allowed it? Both Osmani and Abu Ghuddah confirmed in their comments on Hammad that many Shari’ah councils believe that al-eenah disappears with time: a year, in which market changes occur (price changes). This is hard to digest! Where does this year come from? Besides, market changes can happen anytime. Condition and later borro...

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Islamic Commercial Laws | islamic-commercial-laws.blogspot.com Reviews

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The people of hiyal (stratagems) have artificially made it a controversial contract: Is it allowed or is it forbidden? Is it a sale or a rahn (mortgage, collateral) for those who allowed it? Both Osmani and Abu Ghuddah confirmed in their comments on Hammad that many Shari’ah councils believe that al-eenah disappears with time: a year, in which market changes occur (price changes). This is hard to digest! Where does this year come from? Besides, market changes can happen anytime. Condition and later borro...

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1 islamic commercial laws

2 bay’ al wafa

3 posted by islamiccommerciallaws

4 0 comments

5 i introduction

6 1 private ownership

7 b land ownership

8 iv conclusion

9 hibah gift

10 labels hiba/gift

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Islamic Commercial Laws | islamic-commercial-laws.blogspot.com Reviews

https://islamic-commercial-laws.blogspot.com

The people of hiyal (stratagems) have artificially made it a controversial contract: Is it allowed or is it forbidden? Is it a sale or a rahn (mortgage, collateral) for those who allowed it? Both Osmani and Abu Ghuddah confirmed in their comments on Hammad that many Shari’ah councils believe that al-eenah disappears with time: a year, in which market changes occur (price changes). This is hard to digest! Where does this year come from? Besides, market changes can happen anytime. Condition and later borro...

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islamic-commercial-laws.blogspot.com

1

Islamic Commercial Laws: November 2011

http://islamic-commercial-laws.blogspot.com/2011_11_01_archive.html

It is one of the basic conditions for the validity of a sale in Shari'ah that the commodity (intended to be sold) must be in the physical or constructive possession of the seller. This condition has three ingredients:. Firstly, the commodity must be existing; therefore, a commodity which does not exist at the time of sale cannot be sold. Difference between Istisna' and Ijarah:. However, Imam Abu Yousuf says that if the commodity conforms to the specifications agreed upon between the parties at the time o...

2

Islamic Commercial Laws: Wakalah (power of attorney)

http://islamic-commercial-laws.blogspot.com/2011/12/wakalah-power-of-attorney_13.html

Wakalah (power of attorney). This occurs when a person appoints a representative to undertake transactions on his/her behalf, similar to a power of attorney. Labels: power of attorney. Subscribe to: Post Comments (Atom). Bai al inah /sale and buy-back agreement. Bai bithaman ajil /deferred payment sale. Bai muajjal /credit sale. Islamic Law of Contract. Wakalah (power of attorney). Islamic Perspective of Ownership. Shams-ul-Arifeen (Advocate). Simple template. Template images by luoman.

3

Islamic Commercial Laws: Wadiah (safekeeping)

http://islamic-commercial-laws.blogspot.com/2011/12/wadiah-safekeeping.html

A bank is deemed as a keeper and trustee of funds. A person deposits funds in the bank and the bank guarantees refund of the entire amount of the deposit, or any part of the outstanding amount, when the depositor demands it. The depositor, at the bank's discretion, may be rewarded with Hibah. See above) as a form of appreciation for the use of funds by the bank. Subscribe to: Post Comments (Atom). Bai al inah /sale and buy-back agreement. Bai bithaman ajil /deferred payment sale. Bai muajjal /credit sale.

4

Islamic Commercial Laws: Islamic Law of Contract

http://islamic-commercial-laws.blogspot.com/2011/12/islamic-law-of-contract.html

Islamic Law of Contract. 8226; Literally, the word “al-’Aqd” means to tie (between two ends), to fasten, to link together. 8226; In legal view, it has two interpretation either general interpretation or specific interpretation. 8226; In general term, it means anything that is intended by a person to do/perform; either based on his own will, eg,. Endowment (waqaf), divorce (talaq); or depended on wills of at least two [arties, eg, sale (al-bay’), marriage (nikah). 8216;AQD v. CONTRACT. Therefore the eleme...

5

Islamic Commercial Laws: Bay’ al-wafa

http://islamic-commercial-laws.blogspot.com/2012/05/bay-al-wafa.html

The people of hiyal (stratagems) have artificially made it a controversial contract: Is it allowed or is it forbidden? Is it a sale or a rahn (mortgage, collateral) for those who allowed it? Both Osmani and Abu Ghuddah confirmed in their comments on Hammad that many Shari’ah councils believe that al-eenah disappears with time: a year, in which market changes occur (price changes). This is hard to digest! Where does this year come from? Besides, market changes can happen anytime. Condition and later borro...

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The people of hiyal (stratagems) have artificially made it a controversial contract: Is it allowed or is it forbidden? Is it a sale or a rahn (mortgage, collateral) for those who allowed it? Both Osmani and Abu Ghuddah confirmed in their comments on Hammad that many Shari’ah councils believe that al-eenah disappears with time: a year, in which market changes occur (price changes). This is hard to digest! Where does this year come from? Besides, market changes can happen anytime. Condition and later borro...

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