Filter by Categories
Accounting
Banking

Islamic Finance




Sighah


Arabic (صيغة) for contractual formula (formula of a contract/ aqd). A formal exchange of offer/proposal (ijab or ‘ardh) and acceptance (qubul/ qabul/ qabool) between contracting parties at contract assembly (majlis al-aqd), signifying their willingness to enter into a contract. Sighah may be verbal, written or even gestural/indicative, depending on the context of contracting (time, place, urf, etc).

Sighah is an integral element (ruknركن) of contract in Islamic trade and investment/finance.

It is also known as sighat al-aqd (صيغة العقد).



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*