ISLAMIC LAW OF CONTRACTS AND BUSINESS TRANSACTIONS

• Main Author: Muhammad Tahir Mansuri, Dr (Author)
• Format: Book
• Language: English
• Published: New Delhi Adam Publishers & Distributors 2010
• Subjects: Commercial law (Islamic law); Contracts (Islamic law)
• Online Access: Click Here to View Status and Holdings.
• Physical Description: xvi, 357 pages 22 cm
• Bibliography: Includes bibliographical references (pages 323-330) and index
• ISBN: 817435459X (hardback); 9788174354594 (hardback)

This book describes Islamic law of contracts and business transactions as well deals with the general principles of contracts, the elements of contracts, conditions of subject matter, qualification of contracting parties, classification of contracts with regard to validity, the nature of remuneration or compensation in contracts or consideration of the contracts and the causes and effects of invalidity. Any contracts must be made as explicit as possible in order to avoid gharar and injustice to any of the parties. A clause in the contract allowing a change in liability beyond the control of the liable party would be unjust. The validity of the contract requires that its motivating and underlying cause should be according to the requirements of the shariah. It is pointed out that to nip evil in the bud, Islam seeks to block all those channels that eventually lead to injustice.