The Combination of Contracts

The Combination of Contracts in shariah: A Possible appliance for Product Development in Moslem Banking and pay Mohammed Burhan Arbouna administrator abstract The conclave of contracts is a potential mechanism of harvest-home growing in Moslem finance. However, this concept encounters legal issues delinquent to ahadith that eradicate two contracts in one deal. The article argues for the robustness of unite two or more contracts to structure shariah law-compliant products. It discusses legion(predicate) aspects of combination of contracts, including terminologies and purposes of the contracts, the degree of uncertainty and ambiguity, and the nature of the bargain in the contracts feature. If the contracts combined pass the tests established by legal principles, there pass on be no legal protestation to combine such contracts into one deal. © 2007 Wiley Periodicals, Inc. INTRODUCTION The banking sector is witnessing a dramatic change, oddly in the age of electronic legal proceeding, and faces variant competitive forces, including product development in order to touch on the current needs of business and trade. Muslim banking is no exception. afterward decades of operation, the transactions of Islamic banking seem to depend on but a smattering of financial products. Deferred payDr.

Mohammed Burhan Arbouna is an expert in Islamic banking and finance. His field of expertise is Shariah residency. He specializes in designing and approving structures, advising on day-to-day transactions, coordinating with the Shariah boards, and auditing transactions to ensure compliance with the principles of Islamic banking and finance. Dr. Arbouna w orked as the Shariah adviser to the Kuwait ! Finance HouseBahrain (KFH-B). Prior to joining KFH-B, Dr. Arbouna worked for the history and Auditing Organization for Islamic Financial Institutions (AAOIFI)Bahrain where he was responsible for conducting query on Shariah issues on accounting and auditing. He reviewed and translated the Shariah standards issued by...If you want to bewilder a full essay, order it on our website: OrderEssay.net

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