Filter by Categories
Accounting
Banking

Islamic Finance




Al-Ajeer al-Khas


A worker or employee (ajeer) who is hired to work for an employer for a specific wage or salary (ajr or ujrah). The worker is employed for a known period of time in order to perform a well-defined job/ function/ task. An example of ajeer khas is an accountant who is employed by a company to take care of its books and financials. During the period of the contract, the worker is not allowed to work for another employer (so that to avoid conflict of interest and any nuances to his current employer). The worker must make his capabilities and competences available to his employer whenever and wherever he is asked to do so. Moreover, he must be subject to the command of his employer in terms of the tasks assigned to him and the instructions about how to perform them.

Al-ajeer al-khas is an Arabic term (الأجير الخاص) for special worker.



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    Your email address will not be published.*