Combination of Contracts in Islamic Finance
Shahrul Azman Abd. Razak, 2016 (Hardcover)
ISBN 978-967-0149-77-6, 265 pages, RM98.00
Publisher: Islamic Banking and Finance Institute Malaysia (IBFIM)
Since the emergence of the industry, various contracts have been used to develop Islamic financial products, which have been described by classical jurists in their writing over centuries. These contracts have been employed by contemporary Islamic finance practitioners in order to develop innovative Islamic financial products.
Combination of contracts appeared to become one of the mechanisms for product development tools. The concept, thus, is important today, as it will assist Islamic finance to develop products that are not only fulfil the client’s requirements and demands but the Shari’ah requirements. Hence, this book is seen as one of the opportunity for practitioners in the industry to apply the concept judiciously in accordance to the Shari’ah requisites.