Islamic Finance

Uqud al-Tabarru

December 17, 2020
Islamic Finance

Temporary Wakala

December 17, 2020

Share

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)

Leave a Reply