IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-50105-0_4.html
   My bibliography  Save this book chapter

Sale: The Final Contract in HPSM

In: Hire Purchase Under Shirkah al-Milk (HPSM) in Islamic Banking and Finance

Author

Listed:
  • M. Kabir Hassan

    (University of New Orleans)

  • Muhammad Mostofa Hossain

    (University of Malaya)

  • Aishath Muneeza

    (International Centre for Education in Islamic Finance (INCEIF University))

Abstract

The role of the sale contract within HPSM is vital, serving as the conclusive and pivotal element that facilitates lawful economic transactions in adherence to Islamic law. This chapter intricately explores the essential aspects, principles, and conditions inherent in the sale contract within Islamic finance. It sheds light on the multifaceted dimensions governing its execution—legal, ethical, and economic. Understanding the complexities of the sale contract empowers individuals and businesses to ensure Shari’ah compliance, fostering ethical and equitable transactions that uphold justice and mutual benefit. This chapter provides insights into the philosophical underpinnings of sales in Islamic finance, enabling readers to navigate modern economic complexities while adhering to Islamic teachings. Furthermore, the chapter serves as a comprehensive guide to the diverse types of sale contracts within HPSM. By delving into the intricacies of this vital contract, readers gain a deeper understanding of the ethical and legal foundations that form the bedrock of commercial activities in the realm of Islamic banking and finance.

Suggested Citation

  • M. Kabir Hassan & Muhammad Mostofa Hossain & Aishath Muneeza, 2023. "Sale: The Final Contract in HPSM," Springer Books, in: Hire Purchase Under Shirkah al-Milk (HPSM) in Islamic Banking and Finance, chapter 0, pages 83-107, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-50105-0_4
    DOI: 10.1007/978-3-031-50105-0_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Sale; Bay’; Contract; ‘uqud; ‘Aqd;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-50105-0_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.