Search
Generic filters
Filter by Categories
Accounting
Banking

Islamic Finance




Accessory Contract


A contract (aqd) which is incidental or auxiliary to another contract (usually a principal contract). Accessory contracts are mainly used for assuring the performance of other contracts, either by the same parties or by third-parties.

Examples of accessory contracts include agency (wakalah/wikalah), suretyship (kafalah/kifalah), pledge (rahn), etc.

Accessory contracts are known in Arabic as al-uqud al-tabayyeah (العقود التبعية).



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    Your email address will not be published.*