Warning: Undefined array key "HTTP_REFERER" in /home/fincyc5/public_html/wp-content/plugins/tc-visitors-tracker/tc-visitors-tracker.php on line 80
Principal Contract – Fincyclopedia
Search
Generic filters
Filter by Categories
Accounting
Banking

Islamic Finance




Warning: Undefined variable $myString in /home/fincyc5/public_html/wp-content/themes/independent/template-parts/post/content-single.php on line 41

Principal Contract


A contract (aqd) which exists by itself and is not subordinate or auxiliary to another contract (i.e., an accessory contract). Examples of principal contracts include contracts of sale (ba’i/bay’), lease (ijarah), commissioning (ju’alah), etc.

Principal contracts are known in Arabic as al-uqud al-asliyyah (العقود الأصلية).



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    Your email address will not be published.*