Finance

Quasi Arbitrage

December 16, 2020
Islamic Finance

Temporary Wakalah

December 17, 2020

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Arabic (عقود التمليكات) 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-tamlikat 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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