THE DEFERRED CONTRACTS OF EXCHANGE AL-QURAN IN CONTRAST WITH THE ISLAMIC ECONOMISTS' THEORY ON BANKING AND FINANCE

The Deferred Contracts of Exchange include Al-Bai' Bithaman Ajil Deferred Installment Sale, Bai Al-Murabahah Deferred Lump sum Sale, Al-Ijarah (leasing), Bai' Al-Salam (Salam Sale) and Bai' Al- Istina (Sale on Order). These are similar contratcts would form the basis for Islamic debt...

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Bibliographic Details
Main Author: Abdul Halim Ismail Dato' (Author)
Format: Book
Language:Malay
Published: Kuala Lumpur Institute of Islamic Understanding Malaysia 2010
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Online Access:Click Here to View Status and Holdings.
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504 # # |a Includes bibliographical references 
520 # # |a The Deferred Contracts of Exchange include Al-Bai' Bithaman Ajil Deferred Installment Sale, Bai Al-Murabahah Deferred Lump sum Sale, Al-Ijarah (leasing), Bai' Al-Salam (Salam Sale) and Bai' Al- Istina (Sale on Order). These are similar contratcts would form the basis for Islamic debt financing in the Islamic banking and financial system. Similarly, they would be at the core of its Islamic debt securities market. The paper focuses on the derivation of the above contracts from specific verses of Al-Quran based on some famous writings on Tafsir Al-Ahkam, or Commentaries Specialising Injunctions. The resultant contracts are then contrasted with the Islamic economists' theory on Islamic banking and finance. 
650 # 0 |a Contracts (Islamic law) 
650 # 0 |a Banks and banking  |x Religious aspects  |x Islam 
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