Application of Hire Purchase Under Shirkah Al-Milk (HPSM) in Islamic Banking and Finance / Najlacnejšie knihy
Application of Hire Purchase Under Shirkah Al-Milk (HPSM) in Islamic Banking and Finance

Kód: 44484892

Application of Hire Purchase Under Shirkah Al-Milk (HPSM) in Islamic Banking and Finance

Autor M. Kabir Hassan, Muhammad Mostofa Hossain, Aishath Muneeza

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 instal ... celý popis

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Viac informácií o knihe Application of Hire Purchase Under Shirkah Al-Milk (HPSM) in Islamic Banking and Finance

Nákupom získate 144 bodov

Anotácia knihy

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.

Parametre knihy

Zaradenie knihy Knihy po anglicky Economics, finance, business & management Economics International economics

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