Islamic Finance
Uqud al-Tabarru
December 17, 2020
Islamic Finance
Temporary Wakala
December 17, 2020

Arabic (عقود التمليك) for contracts (uqud– plural of aqd) that entail acquisition (or transfer) of ownership (mulkiyyah). This involves properties and rights (huquq) to benefit (from properties). The purpose of these contracts is to transfer ownership from one party (person) to another.

Uqud al-tamlik divide into three sub-categories, literally: uqud al-muawadhat (commutative contracts), uqud al-tabarruat (noncommutative contracts), and noncommutative-cum-commutative contracts (uqud tabarru ibtidaan, muawadhah intihaanعقود تبرع ابتداءً معاوضة انتهاءً)

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