Role of possession and its execution in Islamic banking financial products
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Date
2016
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Publisher
University of Management & Technology
Abstract
Possession is known as the key factor for an Islamic bank. Almost each n every Islamic banks
product revolves around possession. According to sharia any transaction without possession
is void. That is the reason why short sale is not allowed in Islamic banks. To address such
issues sharia scholars stepped forward and prescribed solutions relevant to possession.
In this research I have cover sharia rulings behind possessions and its types, terms and
conditions, its execution in Islamic banking financial products.
Description
Keywords
Possession, Islamic banking, Law of contract, MS