The Framework of Islamic Financial Products Based on Various Shariah Principles and Their Classifications

INCEIF The Global University in Muslim finance Kuala Lumpur, Malaysia CIFP The framework of Muslim fiscal products based on various Shariah principles and their compartmentalisations. Semester January, 2012 FASHOLA OLAYINKA NURUDEEN bookman ID: 1100275 Abstract. ALLAH has created worldly concern as a social existence by temperament. Thus, he needs others whom will deal with him in all matters of his career such as trading and conjugation in swan to benefit each other, individually or collectively. Due to the nix side of man, such as having a soul which unceasingly command him to do bad things, the lawgiver has enacted the law for fiscal transactions and He has ordained regulations for zest of man. Therefore, it is necessary for everyone to mystify an adequate knowledge of these monetary laws, their nature and varieties; their essential requirements and c onditions; their rules and juristic effects, etc. This write up seeks to seek the Muslim financial products, their classifications base on the Shariah principles and how they nookie be utilize to the Islamic banking and general financial transactions towards ensuring that the limits and laws of ALLAH are protected.

Objectives of the research. To localise the various Shariah principles in Islamic financial transactions To lay the classifications of the Shariah principles in Islamic financial transactions To talk of the f ramework of the Shariah principles and its c! lassification in the design and development of Islamic financial products. To discuss how Shariah principles are applied to ultramodern Islamic banking and finance. fall upon terms of the research * Shariah Principles *Islamic Banking *Islamic pecuniary Products *Ijarah * Musharakah Table of Content 1.0...If you want to get a thoughtful essay, order it on our website: OrderCustomPaper.com

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