Islamic Banking and Finance: Fundamentals and Contemporary Issues

Mohammed Arbouna contract which is not accepting gharar whereas gift contract accepts gharar. Hence, put option may be categoriz ...

Option Contracts in Shari[ah payment is made and anything that does not involve damage to either party shall not be rejected as ...

Mohammed Arbouna Notes (^1) On the details of the benefit of financial options, see El-Gari (1993). (^2) See AAOIFI (2004), pp. ...

Option Contracts in Shari[ah to you with 1000 dinƗrs provided so and so sell to me his house. Thus, a consequential contract rev ...

Mohammed Arbouna (^52) See Ibn Abidin (1986), vol. 5. (^53) al-Khafif (1952), p. 36. (^54) In our view, Shariakt al-Wujooh is si ...

Option Contracts in Shari[ah References AAOIFI (2004), Shari[ah Standards 1424-5H (2003-4). Abu Ghuddah (1985) [1405H], al-Khiya ...

Mohammed Arbouna Ibn Nujaim, Zain-ud-Din (1993)[1413H], al-Bahr al-Ra’iq, vol. 6., Beirut: Dar El-Marefah. Ibn Qayyim (1973), I’ ...

Option Contracts in Shari[ah al-Qurahdaghi, Ali (1992), “al-Aswaq al-Maliyyah fi Meezan al-Fiqh al- Islami”, Majallah Majma’ al- ...

Sayyid Tahir^ Introduction Islamic banking effectively started in the 1970s with personal initiative of the concerned Muslims to ...

Sayyid Tahir Main work so far has been done in the area of Islamic financing. The deposit mobilization side has been taken for g ...

Unresolved Issues in Deposit Mobilization In a variant of the second case, depositors want an ongoing investment relationship w ...

Sayyid Tahir Last but not least, the clients may engage banks in order to look after their payments and receipts matters. In the ...

Unresolved Issues in Deposit Mobilization taken into account, and profit and loss statements are prepared. Interest paid to the ...

Sayyid Tahir Prophet SAAWS has prohibited the creditors from drawing even trivial benefits from those indebted to them.^3 4.2 In ...

Unresolved Issues in Deposit Mobilization ii) Deposits may be accepted one day before the start of the mudarabah operations, and ...

Sayyid Tahir musharakah option can be construed as sharing in both capital and effort. There is no hard or fast Shari[ah rule fo ...

Unresolved Issues in Deposit Mobilization amounts, as at present in the framework of interest-based savings deposits. ii) Fresh ...

Sayyid Tahir transfer of funds against cash payments, the clients maintain balances with banks for payment purposes. In this reg ...

Unresolved Issues in Deposit Mobilization As for banks prescribing minimum balance requirements for the said accounts, the idea ...

Sayyid Tahir Two more points are also noteworthy: In general, initial instalments paid by the borrowers are counted toward reco ...