Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis

The possession is one of the significant issues regarding the acquisition of wealth. The conclusion of contracts would not be completed and binding without the possession of respective subject matter. This paper intends to explore the essence of possession and to analyze the appropriate mode of poss...

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Main Authors:	Rahman, Md. Habibur, Amanullah, Muhammad
Format:	Conference or Workshop Item
Language:	English English
Published:	2016
Subjects:	KBP1 Islamic law.Shariah.Fiqh
Online Access:	http://irep.iium.edu.my/55683/ http://irep.iium.edu.my/55683/ http://irep.iium.edu.my/55683/1/55683_Possession%20%28qabd%29%20in%20Contemporary.pdf http://irep.iium.edu.my/55683/2/55683_Possession%20%28qabd%29.pdf

id	iium-55683
recordtype	eprints
spelling	iium-556832017-03-06T04:01:35Z http://irep.iium.edu.my/55683/ Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis Rahman, Md. Habibur Amanullah, Muhammad KBP1 Islamic law.Shariah.Fiqh The possession is one of the significant issues regarding the acquisition of wealth. The conclusion of contracts would not be completed and binding without the possession of respective subject matter. This paper intends to explore the essence of possession and to analyze the appropriate mode of possession in contemporary financial transactions. This is a library-based research and an analytical method has been followed to accomplish this study. The classical references of prominent Schools of Islamic law have been utilized as the primary tools to perform this analysis and exploration. The study finds out that the essence of possession is to relinquish between the merchandise and its rightful beneficiary, so that it can be enjoyed without any interruption. It also explores that the nature of possession would be different according to the nature of the commodity itself. The study posits that in contemporary financial transactions mostly, not the real, but a legal or constructive possession is utilized, and in this regard the custom plays a significant role to determine the proper mode of possession. 2016 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/55683/1/55683_Possession%20%28qabd%29%20in%20Contemporary.pdf application/pdf en http://irep.iium.edu.my/55683/2/55683_Possession%20%28qabd%29.pdf Rahman, Md. Habibur and Amanullah, Muhammad (2016) Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis. In: 11th International Conference on Islamic Economics and Finance (ICIEF), 11th-13th October 2016, Kuala Lumpur. (Unpublished) http://submit.confbay.com/thisconf/prog?view=prog&acid=369
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	KBP1 Islamic law.Shariah.Fiqh
spellingShingle	KBP1 Islamic law.Shariah.Fiqh Rahman, Md. Habibur Amanullah, Muhammad Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis
description	The possession is one of the significant issues regarding the acquisition of wealth. The conclusion of contracts would not be completed and binding without the possession of respective subject matter. This paper intends to explore the essence of possession and to analyze the appropriate mode of possession in contemporary financial transactions. This is a library-based research and an analytical method has been followed to accomplish this study. The classical references of prominent Schools of Islamic law have been utilized as the primary tools to perform this analysis and exploration. The study finds out that the essence of possession is to relinquish between the merchandise and its rightful beneficiary, so that it can be enjoyed without any interruption. It also explores that the nature of possession would be different according to the nature of the commodity itself. The study posits that in contemporary financial transactions mostly, not the real, but a legal or constructive possession is utilized, and in this regard the custom plays a significant role to determine the proper mode of possession.
format	Conference or Workshop Item
author	Rahman, Md. Habibur Amanullah, Muhammad
author_facet	Rahman, Md. Habibur Amanullah, Muhammad
author_sort	Rahman, Md. Habibur
title	Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis
title_short	Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis
title_full	Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis
title_fullStr	Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis
title_full_unstemmed	Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis
title_sort	possession (qabd) in contemporary financial transactions: a shari'ah perspective analysis
publishDate	2016
url	http://irep.iium.edu.my/55683/ http://irep.iium.edu.my/55683/ http://irep.iium.edu.my/55683/1/55683_Possession%20%28qabd%29%20in%20Contemporary.pdf http://irep.iium.edu.my/55683/2/55683_Possession%20%28qabd%29.pdf
first_indexed	2023-09-18T21:18:38Z
last_indexed	2023-09-18T21:18:38Z
_version_	1777411732075970560

Possession (qabd) in contemporary financial transactions: a Shari'ah perspective analysis

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