Status and implications of promise (wa’d) in contemporary Islamic banking
Wa’ad or promise refers to undertaking by one party to do or not to do certain actions in future. Unlike a normal contract or `aqd, the rules governing wa`ad are less stringent as it is merely a promise thus is not binding. Under Shari’ah, due to the unilateral nature of the promise, the details of...
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| Format: | Article |
| Language: | English |
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Emerald Group Publishing
2010
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| Online Access: | http://irep.iium.edu.my/3079/4/Status_and_implications_of_promise_%28wa%E2%80%99d%29_in_contemporary_Islamic_banking.pdf |