Salam (Forward sale) and Istisna' (Manufacture contract) in modern applications: a Maqasid al-shari'ah perspective
The modern application of Salam such as parallel Salam and combination of Salam with waÑd (promise) exposes Islamic financial institutions (IFIs) to risks—credit risk, market risk, and operational risk. Modern applications of IstiÎnaÑ by financing houses and projects in the form of parallel-IstiÎn...
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| Format: | Proceeding Paper |
| Language: | English |
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Zes Rokman Resources
2016
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| Online Access: | http://irep.iium.edu.my/51925/1/51925_Salam%20%28forward%20sale%29%20and%20Isti%C3%B8na%C3%B1.pdf |