The principles Of Ghārār In Bai Bithaman Ajil contract

Razali, Siti Salwani (2008) The principles Of Ghārār In Bai Bithaman Ajil contract. In: Malaysian Finance Association 10th Annual Conference 2008, Holiday Inn, Kuching, Sarawak. (Unpublished)

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Abstract

One of the popular method of home financing in Islamic banking is Bai Bithaman Ajil. However there are circumstances whereby in this type of contract the probability of ghārār involved is very high especially dealing with the purchase of assets which is not yet in existence.Therefore this paper aims to review what is actually meant by ghārār and how does it affects the enforceability of the Bai Bithaman Ajil contract in the Shariah. It also provides on the reasons why in certain occasion the purchase of assets under BBA contract has resulted to the dominance entry of the principles of ghārār hence making it unenforceable under Shariah.

Item Type:	Conference or Workshop Item (Invited Papers)
Additional Information:	3804/82992
Uncontrolled Keywords:	Principles Of Ghārār, Bai Bithaman Ajil contract
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH186.5 Gharar - Deception BPH Islamic Economics > BPH321.2 al-Bay’ bi-thaman ‘ajil - Contract Of Sales
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	Dr Siti Salwani Razali
Date Deposited:	06 Oct 2020 16:16
Last Modified:	07 Oct 2021 11:27
URI:	http://irep.iium.edu.my/id/eprint/82992

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