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Elements of Contract in Islamic Business Law 2

Elements of Contract in Islamic Business Law 2

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Published by Alessandro Del Luce

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Categories:Types, Business/Law
Published by: Alessandro Del Luce on Nov 29, 2010
Copyright:Attribution Non-commercial

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05/13/2014

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Islamic Law of Contracts and Business Transactions
Sigit S.WibowoSeptember 19
th
, 2008
Sigit S.Wibowo ()Prog. Ekstensi Manajemen-FEUISeptember 19
th
, 2008 1 / 25
 
Contents
1
Introduction
2
al (Wealth), Usufruct and Ownership
3
General Framework of Contracts
4
Elements of a Contract
5
Broad Rules for the Validity of Mu‘¯amal¯at
6
W‘adah (Promise) and Related Matters
7
Types of Contracts
8
Commutative and Noncommutative Contracts
9
Conditional or Contingent Contracts
Sigit S.Wibowo ()Prog. Ekstensi Manajemen-FEUISeptember 19
th
, 2008 2 / 25
 
Introduction
Islam considers the property of people as sacred and inviolable astheir life and honourIslam forbids the unlawful devouring of others’ property by way of theft, embezzlement, usurpation, bribery, cheating and all otherunlawful means of acquiring wealthThese proscriptions are in addition to the main prohibitions like Riba,Gharar and Qiar
Sigit S.Wibowo ()Prog. Ekstensi Manajemen-FEUISeptember 19
th
, 2008 3 / 25

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