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

by Muhammad Mostofa Hossain, M. Kabir Hassan, Aishath Muneeza

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...

• Format: Hardcover
• Language: English
• ISBN: 3031501047
• ISBN13: 9783031501043
• Release Date: February 2024
• Publisher: Palgrave MacMillan
• Length: 224 Pages
• Weight: 0.99 lbs.
• Dimensions: 0.6" x 5.8" x 8.3"