Filter by Categories
Accounting
Banking

Islamic Finance




Ijab


Arabic (إيجاب) for offer; an essential element of a contract (aqd) in Islamic finance. It constitutes the declaration or a firm proposal that is meant to give rise to an obligation. At the contracting session (majlis al-aqd), the parties to a contract exchange ijab and a counter-declaration, i.e., acceptance (qubul). Ijab signifies the willingness of a party to deliver something (asset, usufruct, service, etc) in return for something else (cash, asset, etc).

It is synonymous with ardh (عرض).



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    Your email address will not be published.*