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where the contract is "unilateral or charitable" (al tabarru'at) so that the other party to the contract is not exploited, such as a gift or bequest; where there is a "public need for the transaction or contract" ( maslahah , for example in the Islamic finance instruments of bay' al salam and istisna` );
A bride signing the nikah nama (marriage contract). An Islamic marriage contract is considered an integral part of an Islamic marriage, and outlines the rights and responsibilities of the husband and wife or other parties involved in marriage proceedings under Sharia. Whether it is considered a formal, binding contract depends on the jurisdiction.
For instance, the price of a good, the time of its promised delivery and the description of the good will all be terms of the contract. "Terms" and "conditions", although slightly different in their significance, are often treated together in phrases such as "standard terms and conditions", [2] or "Ts and Cs".
The word Mahr is related to the Hebrew word “Mohar” and the Syriac word "Mahrā", meaning “bridal gift”, which originally meant “purchase-money”. The word implies a gift given voluntarily and not as a result of a contract, but in Muslim religious law it was declared a gift which the bridegroom has to give the bride when the contract of marriage is made and which becomes the ...
Nikah mut'ah [1] [2] Arabic: نكاح المتعة, romanized: nikāḥ al-mutʿah, "pleasure marriage"; temporary marriage [3]: 1045 or Sigheh [4] (Persian: صیغه ، ازدواج موقت) is a private and verbal temporary marriage contract that is practiced in Twelver Shia Islam [5] in which the duration of the marriage and the mahr must be specified and agreed upon in advance.
According to Jeremy Munday's definition of translation, "the process of translation between two different written languages involves the changing of an original written text (the source text or ST) in the original verbal language (the source language or SL) into a written text (the target text or TT) in a different verbal language (the target ...
Legal capacity refers to whether the person is of sound mind and old enough (puberty) to enter into a legal financial contract. [18] Mal (Property) concerns the nature and types of property that the contract deal with. [18] Property must exist at the time of transaction; seller must be owner of the merchandise; merchandise must be Islamically ...
Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) [1] is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).