Islamic Commercial Law, 1st Edition

  • Published By:
  • ISBN-10: 1118504062
  • ISBN-13: 9781118504062
  • DDC: 346.16707
  • Grade Level Range: College Freshman - College Senior
  • 224 Pages | eBook
  • Original Copyright 2013 | Published/Released May 2014
  • This publication's content originally published in print form: 2013

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This is a textbook style reader on the subject of Islamic commercial law which the author taught at the Faculty of Economics and Management Sciences International Islamic University Malaysia for more than a decade. The book is the outcome of firsthand experience that addresses the needs of the students of Islamic commercial law and provides a pragmatic and suitable treatment of the discipline. The book presents a concise study of the various Islamic transactions. It provides the reader with a solid background which is essential for a comprehensive knowledge of Islamic transactions while at the same time relates Islamic transactions to modern day business practices, banking and finance. The main transactions discussed in this book are sale (bay') and its various types, lease and employment (ijarah), agency (wakalah), loan (qard), deposit (wadi'ah), partnerships (sharikat), silent partnership (mudarabah), pledge (rahn), guarantee (kafalah), transfer of debt (hawalah), absolution (ibra) and set-off (muqassah). This book is a welcome addition on the subject of Islamic commercial law on which reliable texts in the English language are relatively few. It is a useful textbook not only for the university students but also for all those who work in Islamic banks and financial institutions.

Table of Contents

Front Cover.
Half Title Page.
Other Frontmatter.
Title Page.
Copyright Page.
List of Abbreviations.
Introduction: An Overview of Prohibited Elements.
1: The Contract of Sale (Bay').
2: Types and Classifications of Sales.
3: The Contracts of Employment and Lease (Ijarah), Borrowing (I'arah), and Reward (Ja'alah).
4: The Contract of Agency (Wakalah).
5: The Contract of Loan (al-Qard).
6: The Contract of Safekeeping (al-Wadi'ah).
7: Partnership (al-Sharikat).
8: Silent Partnership (Mudarabah/Qirad).
9: Pledge, Mortgage, or Pawn (al-Rahn).
10: Guarantee (al-Kafalah).
11: Transfer of Debt (al-Hawalah).
12: The Contracts of Absolution (al-Ibra) and Set-Off (al-Muqassah).
Answers to True/False Questions.
About the Author.