Contract-based transactions fundamentally compose our economical and financial structure. We cover the types and conditions of contracts, as well as the various legal and illegal transactions types, from an Islamic viewpoint. These basics are part of our daily lives. Any Muslim involved in a contract or transaction needs to understand the fiqh of mu’amlat related to these.
This category currently has the following posts:
- Definition of a Contract
- The Pillars of a Contract
- Subject of a Contract
- Types and Classifications of Contracts
- Difference between a Promise and a Contract
- Conditions for a Valid Contract
- Contract of Sale and its Conditions
- Prohibited Transactions – I
- Prohibited Transactions – II
- Prohibited Transactions – III
- Contract of Al-Ijarah
- Terms and Conditions of Al-Ijarah
- Definition of Jua'alah
- Difference between Jua'alah and Ijarah
- Contract of Al-Hewalah
- Contract of Ar-Rahn – Definition and Conditions
- Musharakah
- Mudarabah
- Bai' Mu'ajjal – Deferred Payment Sale Contract
- Bai’ Bithaman Ajil - Deferred Payment Sale Contract (single installement)
