Islamic Law of Contracts and Business Transactions

The book has been written to serve as a textbook for the subject of 'Islamic Law of Contract' studied by the students of LL.B at International Islamic University as a part of their prescribed scheme of study. It may also prove to be useful for the students of Economics and Business Administration and for all those who are interested in studying Business Law of Islam. The book is divided into two parts. The first part deals with the general theory of contracts in Islam wherein topics such as general principles of contracts, elements of a contract, delegated authority, division of contracts into valid, voidable .and void contracts, gharar, Riba, extrinsic conditions, defect of consent, and the classification of contracts with regard to their subject matter have been discussed. The second part deals with specific contracts such as contracts of sale, leasing, partnership, mudãrabah, suretyship, and assignment of debt.