An introduction to the theoretical foundations of Islamic transactions
This book presents a study of the theoretical foundations for Islamic transactions. It provides the reader with a solid background which is essential for a comprehensive knowledge of Islamic transactions, banking and finance. The main discussions include the sources for Islamic commercial and fina...
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| Main Author: | |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/22671/1/P-216_-_P-220.pdf http://irep.iium.edu.my/22671/ |
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| Summary: | This book presents a study of the theoretical foundations for Islamic transactions. It provides the reader
with a solid background which is essential for a comprehensive knowledge of Islamic transactions,
banking and finance. The main discussions include the sources for Islamic commercial and financial laws,
the objectives of Shari’ah with regard to commercial and financial transactions, property and its
classifications and their implications for transactions, rights and financial rights, ownership and its types,
the theory of contract, the pillars of contract, its classifications, and its options. The last chapter discusses
factors that invalidate transactions such as usury/interest (riba), ambiguity (gharar), gambling (maysir),
and the involvement of prohibited properties. The book is an important text not only for the students but
also for all those who work in Islamic banks and financial institutions. |
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