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Palgrave Macmillan
Hire Purchase Under Shirkah Al-Milk (HPSM) in Islamic Banking and Finance : A Shariah Analysis
Product Code:
9783031501043
ISBN13:
9783031501043
Condition:
New
$50.55
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?h-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.
| Author: M. Kabir Hassan, Muhammad Mostofa Hossain, Aishath Muneeza |
| Publisher: Palgrave Macmillan |
| Publication Date: Feb 03, 2024 |
| Number of Pages: NA pages |
| Language: English |
| Binding: Hardcover |
| ISBN-10: 3031501047 |
| ISBN-13: 9783031501043 |
Hire Purchase Under Shirkah Al-Milk (HPSM) in Islamic Banking and Finance : A Shariah Analysis
$50.55
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?h-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.
| Author: M. Kabir Hassan, Muhammad Mostofa Hossain, Aishath Muneeza |
| Publisher: Palgrave Macmillan |
| Publication Date: Feb 03, 2024 |
| Number of Pages: NA pages |
| Language: English |
| Binding: Hardcover |
| ISBN-10: 3031501047 |
| ISBN-13: 9783031501043 |
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