Contracting Parties In Islamic Law
Description
How to fill out Agreement By Contracting Parties To Terminate Contract Or Agreement?
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FAQ
In the Islamic law, contract is known as 'aqd' which. means tie or bond. It means a contract that binds the parties together. To make a contract in the Islamic law, there must be an agreement between two parties.17 The agreement must be based on a free consent of the.
It can be appears as a valid contract bases on several elements of valid contract which are offeror and offeree, offer and acceptance, and the subject matter and the consideration. As for the parties to a contract, they must be legally capacity to enter the contract.
It is a religious obligation (farad/wajib) for a Muslim to uphold his contract which is valid (Sahih) agreement. The Quran, verse () ,states that O you who have believed, fulfill all contracts2026
Abstract: The concept of Sighah is identical to the concept of agreement but major difference is the free consent. Sighah includes free consent of the parties but in the Contract Act, 1872 the free consent is treated as an independent ingredient of contract.
To enter into a valid contract there are certain conditions which have to be met. There are six elements which need to be fulfilled: (i) the offeror and the offeree; (ii) offer and acceptance; and (iii) the subject matter and consideration.
