Search
Generic filters
Filter by Categories
Accounting
Banking

Islamic Finance




Jumhoor


Arabic (جمهور) for the majority of fuqaha, i.e., the majority of founders of the four leading schools of thought or mazhahib (Abu Haneefah, Al-Shafe’ei, Malik, and Ibn Hanbal). If the opinions of three of them concur on a specific issue or case, then it is said to have been judged so and so by the best part (majority) of fuqaha. For example, the majority of fuqaha determined the elements (arkan) of sale contract in three ones: wording, parties to the contract, and subject-matter. Likewise, the majority of fuqaha, except Hanafis, validate a sale contract to which is added the condition of freedom from defects, whilst the condition per se is deemed by them null and void (batil).



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    Your email address will not be published.*