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Usul Fiqh

In: Religion Topics

Submitted By ikhwanq
Words 291
Pages 2
1. DIFFERENCES BETWEEN QF AND USULFIQH QAWAIDFIQHIYYYAH USUL FIQH QAWAID FIQHIYYAH Is concerned with the methodology of legal reasoning | Maxims are based on the fiqh itself | Method which been applied in deducing law | Principle of the law | External part of fiqh | Internal part of fiqh | 2. Financial system 3. Bay al inah,
A seller an assets to a buyer on the cash basis, A seller latter buy back the same asset on a deferred payment basis where a price is higher than a cash price
In legal ways sale and buy back with some time interval, sales and buy back without any intention to do so coincidence the illegal two contact are tied, (condition one another, And two sales in one 4. What is tawaruq and which type of tawaruk that is consider non shariah compla
Tawarruq is a financial instrument in which a buyer purchases a commodity from a seller on a deferred payment basis, and the buyer sells the same commodity to a third party on a spot payment basis (meaning that payment is made on the spot). 5. MUDHARABAH VS MUSHARAKAH parties | * Parties provide capitals and work with the capital * There can be a silent partners | * Some partners provide capital and some work with the capital * Capital providers cannot interfere in the management, no control over it | Profits | Can be shared according to: * Ratio of capital contribution * Mutually agreed ratio * It cannot be fixed amount, must be as a percentage of profits | In accordance to the agree ratioIt cannot be fixed amount, must be as a percentage of profits | Loss | Borne according to the ratio of capital contribution | Borne solely by the capital provider, the ent shall not bare any loss except in the case of misconduct |

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