This thesis has investigated various opinions of Muslim Imams and Scholars which are reviewed and meticulously discussed while making an effort to identify certain transactions and arrive at the best and most accepted judgments pertaining to buying and selling issues in the market place. The study defines lawful and unlawful Trade Practices within the Islamic Sharīʻah and discusses rules and conditions pertaining to each. It also discusses certain types and scenarios which might be considered lawful or unlawful after investigating scholars‟ opinions and arguments. This study examines Trade Practices in the world of business and commercial transactions from an Islamic perspective and focusses on the basics of Islamic Trade Practices law. In particular, emphasis is placed on investigating lawful and unlawful Trade Practices of early Islamic commercial transactions while identifying parallels to determine modern-day transactions as sanctioned or not by the Islamic Sharīʻah. The researcher has explained that the basics of Islamic Sharīʻah guarantee the rights of both the seller and buyer with emphasis on maintaining an economy free of monopoly and cheating of any kind. While the seller is encouraged to honesty transactions and makes profit, guarantees are given to the customers that cheating or misguidance is forbidden within the spirit of true Islamic commercial transactions‟ teachings. The study has also focused on ethics as playing a decisive role in commercial transactions in a way that may affect the validity of sale contracts. Finally, the study calls for revitalising Islamic basics and rules to be more in tune with modern-day Trade Practices and business transactions in the organisation of trading in the market place and the world of business at large.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:619193 |
| Date | January 2014 |
| Creators | Freijat, Somayya Ahmad Issa |
| Publisher | University of Aberdeen |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=214156 |
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