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Discussion Board in English The Objectives of the Prohibition of Riba By: Elhadi Habbani

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The Objectives of the Prohibition of Riba By: Elhadi Habbani

01-25-2014, 06:12 PM
الهادي هباني
<aالهادي هباني
Registered: 06-17-2008
Total Posts: 2787






Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani (Re: الهادي هباني)

    For profit financing; Islamic financing contracts;

    The second implication that can be extracted from the objectives of the prohibition of Riba is that the for profit activities in Islamic financing have its own unique inbuilt incentive systems through the main Islamic finance contracts, which are based on:

    1- The existence of real asset whether it is product or service;
    2- These products and services, by nature, are having real utility, capable to produce increment, and create new value;
    3- Transferring ownership without any degree of infringement once ownership transferred;
    4- The importance of moral screening in regards of the objects and to the purpose of finance on the light of Shariah principals as well as the law of the country where the transactions will take place;
    5- The permissibility of adding additional charge to the cost of goods or services in exchange contracts, or pre-fixing the percentage of profit sharing in sharing contracts no matter what methodology or what market benchmark financial institutions use in calculating profit rate;
    6- Profit rate once decided in the first place at the time of contract it cannot be changed except some special Islamic contracts like Ijarah;
    7- Consideration of the other main general conditions such as, consent, aptitude, representation, balance;
                  

Arabic Forum

Title Author Date
The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-13-13, 08:45 PM
  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-13-13, 08:51 PM
    Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-13-13, 08:53 PM
      Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-16-13, 12:01 PM
        Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 06:52 PM
          Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 07:01 PM
            Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 07:05 PM
              Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 07:20 PM
                Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 07:27 PM
                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 07:28 PM
                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 07:28 PM
                    Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-22-13, 05:45 AM
                      Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-23-13, 07:57 PM
                        Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-26-13, 04:48 AM
                          Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-26-13, 04:52 AM
                            Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-02-14, 08:18 PM
                              Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-02-14, 08:19 PM
                                Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani إبراهيم عبد العزيز عثمان01-03-14, 04:41 AM
                                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-12-14, 12:28 PM
                                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-12-14, 12:29 PM
                                    Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-12-14, 12:33 PM
                                      Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-12-14, 12:41 PM
                                        Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-18-14, 10:50 AM
                                          Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-22-14, 11:24 AM
                                            Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 06:12 PM
                                              Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 06:14 PM
                                                Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 06:16 PM
                                                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 06:18 PM
                                                    Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 06:19 PM

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