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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