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2023 | OriginalPaper | Buchkapitel

7. Ownership Transfer and Shari’ah Issues in HPSM

verfasst von : M. Kabir Hassan, Muhammad Mostofa Hossain, Aishath Muneeza

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

Verlag: Springer Nature Switzerland

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Abstract

This chapter extensively examines the Shari’ah considerations that arise during the application of HPSM. It is structured into distinct sections, each addressing specific Shari’ah issues. These sections encompass topics such as the transfer of ownership within HPSM, the implications of conditional sales within Shari’ah, the legal status of wa’d (promise) in HPSM, the presence of dual contracts within HPSM applications, and the Shari’ah aspects of dual contracts in a single transaction. By delineating these comprehensive sections, the chapter aims to offer readers an in-depth comprehension of the diverse Shari’ah intricacies that are interconnected with the practical implementation of HPSM. It serves as a valuable resource for fostering a profound understanding of the nuanced Shari’ah dimensions that underlie the execution of HPSM transactions.

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Titel: Ownership Transfer and Shari’ah Issues in HPSM
verfasst von: M. Kabir Hassan
Muhammad Mostofa Hossain
Aishath Muneeza
Verlag: Springer Nature Switzerland
Buch: Hire Purchase Under Shirkah al-Milk (HPSM) in Islamic Banking and Finance
Print ISBN: 978-3-031-50104-3

Electronic ISBN: 978-3-031-50105-0

Copyright-Jahr: 2023
DOI: https://doi.org/10.1007/978-3-031-50105-0_7