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Hardcover Hire Purchase Under Shirkah Al-Milk (Hpsm) in Islamic Banking and Finance: A Shari'ah Analysis Book

ISBN: 3031501047

ISBN13: 9783031501043

Hire Purchase Under Shirkah Al-Milk (Hpsm) in Islamic Banking and Finance: A Shari'ah Analysis

HPSM is a modern financial contract that comprises shirkah (partnership), ijarah (lease), and sale contracts. In the HPSM contract, ownership of the asset is jointly held by the bank and the client. The client makes regular instalments. During the contract, the client is granted to use the asset as long as he meets specific conditions. Upon the completion of all instalments, the asset becomes the property of the client.

This book seeks to...

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Format: Hardcover

Condition: New

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