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Hire Purchase Under Shirkah Al-Milk (Hpsm) in Islamic Banking and Finance: A Shari'ah Analysis
M. Kabir Hassan
(Author)
·
Aishath Muneeza
(Author)
·
Muhammad Mostofa Hossain
(Author)
·
Palgrave MacMillan
· Hardcover
Hire Purchase Under Shirkah Al-Milk (Hpsm) in Islamic Banking and Finance: A Shari'ah Analysis - Hassan, M. Kabir ; Mostofa Hossain, Muhammad ; Muneeza, Aishath
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Origin: U.S.A.
(Import costs included in the price)
It will be shipped from our warehouse between
Tuesday, July 16 and
Tuesday, July 23.
You will receive it anywhere in United Kingdom between 1 and 3 business days after shipment.
Synopsis "Hire Purchase Under Shirkah Al-Milk (Hpsm) in Islamic Banking and Finance: A Shari'ah Analysis"
HPSM is a modern financial contract that comprises shirkah (partnership), ijarah (lease), and sale contracts. In the HPSM contract, ownership of the asset is jointly held by the bank and the client. The client makes regular instalments. During the contract, the client is granted to use the asset as long as he meets specific conditions. Upon the completion of all instalments, the asset becomes the property of the client. This book seeks to shed light on the fundamental concept of HPSM, including the policies, regulations, and subsidiary contracts that play a vital role in its practical application. It provides a thorough exploration of the documentation and accounting procedures, while also addressing potential Shari'ah-related issues in HPSM, and will be of potential interest to students, researchers, policymakers and practitioners, offering a comprehensive understanding of how HPSM is applied within the Islamic finance industry.
