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ISLAMIC COMMERCIAL LAW (Shariaah (Fiqh, Aqhlak, Aqidah), Prohibition…
ISLAMIC COMMERCIAL LAW
Shariaah
Fiqh
Aqhlak
Aqidah
Business Law
Evolution
Dinar & Dirham
Capital
Partnership
Borrowing
Speculative transaction
Ex: bay' ahasat
Barter system
Fraudulent dealings
Islamic Reform
Evolution islamic law
Based Quranic verse
Sunnah as further supplements of Quran
Ijtihad
Ijma'
Qias
New economic practice
Migration Rasulallah
Political
Legal
Socio economic
Prohibition
Circulation wealth
Hoardings & monopoly
Gharar
Transaction must be free from speculation & uncertainty
Basic concept and principle
Transparency commercial dealings
Misrepresentation and fraudulent is prohibited
All financial dealings must be in writing or documented
Justice & goodness
Enjoins trading
Materials pursuits must not transgress the limit of justice
Seeking materials for the sake of Allah
Fundamental elements of valid contract
Buyer
Subject matter
Seller
Price
Offer & acceptance