Month: April 2019

  • Principles of an Islamic Contract

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    Principles of an Islamic Contract We will start our discussion of Islamic Contract with three terminologies of Islamic Jurisprudence which are pertinent to be understood at the out set of this write up. They are: Unilateral Promise (Wa’da) Bilateral Promise (Muwa’adah or Muhaidha) Contract (Aqd) Unilateral Promise It refers to a unilateral undertaking or promise…