Articles | Open Access | DOI: https://doi.org/10.37547/tajpslc/Volume03Issue11-20

Prospects And Advances Agreements According To Viewpoint Of Islamic Law

Sheela Jayabalan , Universiti Sains Islam Malaysia, Malaysia

Abstract

This paper endeavors to explain the Islamic law viewpoint of fates and advances contracts, to give a more clear picture about the authenticity of these agreements, to analyze whether the utilizing of prospects and advances contracts are admissible or restricted. The review follows the inductive strategy and enlightening exploration by showing messages, past writing, assessments of prospects and advances contracts according to Islamic law point of view and examinations between them, remembering the adjusting and elicitation for light of Islamic law guidelines, strength of the contentions depended upon by each party and obligation to offer the show matter logically. The review's decision the current use of fates and advances contracts in the monetary business sectors are impermissible and are viewed as disallowed contracts. The review observe prospects and advances contracts contain various prohibited components in Islamic law, particularly betting and hurt theory increases to various photos of some taboo components, for example, gharar (equivocalness), riba (usury) that are as yet in the circle of discussion among Muslim researchers. Nonetheless, the accessibility of a few agreements that can arrange the denied components in these agreements might make them viable and predictable with the Islamic law.

Keywords

Subsidiaries, Future,, Forward,, Islamic law,, Supporting

References

Mansuri, M. T. (2005). Islamic Law of Agreements and Deals. Shari'ah Foundation, Islamabad: Worldwide Islamic College.

Ibn al-Qayyim., and Ibn Taymiyah. (n.d). Risalt al-Qyas fi al-Shar'a al-Islami. Beirut: Dar al-Affaq al-Jadidah.

Islamic Fiqh Institute of Muslim World association. 1984. Fatawa al-Majma, Seventh SessionFinancial Protections and Wares Market. Mecca: Islamic Fiqh Foundation of Muslim World association.

Paraschiv, M. (2010). Prezumțiile în materie civilă. Prezumțiile legale relative. Practică judiciară. Ed. Hamangiu: București.

Mansuri, M. T. (2005). Islamic Law of Agreements and Deals. Shari'ah Foundation, Islamabad: Global Islamic College.

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How to Cite

Sheela Jayabalan. (2021). Prospects And Advances Agreements According To Viewpoint Of Islamic Law. The American Journal of Political Science Law and Criminology, 3(11), 139–142. https://doi.org/10.37547/tajpslc/Volume03Issue11-20