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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Hire Purchase Under Shirkah Al-Milk (Hpsm) in Islamic Banking and Finance: A Shari'ah Analysis

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

Hardcover

Business GeneralInvesting & FinanceIslam

ISBN10: 3031501047
ISBN13: 9783031501043
Publisher: Palgrave MacMillan
Published: Feb 3 2024
Pages: 224
Weight: 0.99
Height: 0.63 Width: 5.83 Depth: 8.27
Language: English

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.

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