Tuesday, December 30, 2014

CONTRACT At Islamic Law

 CONTRACT At Islamic Law
1.    Introduction
2.    Meaning of Contract
(i)               Literal Meaning
(ii)            Legal meaning
3.    Importance of contract According to Quran and Sunnah
(i)               The Holy Quran Says
(ii)            According to Sunnah
4.    Formation of contract
5.    Ingredients of Contract in Muhammadan Law
(I)              Two Parties
(II)          Aijab and Qabul (Proposal and Acceptance)
(i)               Condition for Ijab and Qabul
(a) Conformity of offer and acceptance
(b) Must be in same session
(c)  Acceptance before the termination of offer
(III)       Mahall Al Aqd ( Consideration)
(i)               Condition of Mahall al aqd
(a) Existence at the time of contract
(b) Capable of delivery at the time of the contract
(c)  It must be known to the parties.
(IV)      Capacity to enter into contract (they must be sane, major etc)
(V)          Legal Relation
(VI)      Free consent
(VII)   Fitness of Mahall
(VIII)            Legal Contract (It is not contrary / violation of Islamic Laws)
6.    Conclusion



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