Ijarah Ijarah refers to a lease or commission contract that involves in the exchange of usufruct or benefits of an asset or services for a rent or commission for an agreed period at an agreed consideration. In the context of Islamic finance, the ijarah concept is usually applicable in financing contracts such as in real …
Contract or aqd is Islamic commercial law means to tie or to bind because the contract is binding between the two parties, the offerer and offeree. Technically, contract is a legal agreement between two or more persons that creates rights and liabilities. Contracts are the foundation upon which the Islamic finance product rest. Contract in …
Idris Mojaddidi on “Aqd or Contract in Islamic Finance” Read More »
Islamic mortgage Home mortgage is a very common terminology describing the way to own and purchase your dream property. How does it work, conventionally? You go, simply go to a bank, you don’t have sufficient funds to purchase your dream property, let’s say it’s worth 1 million USD. You go to the bank, you request …