The Framework of Islamic Financial Products Based on Various Shariah Principles and Their Classifications

INCEIF The Global University in Muslim finance Kuala Lumpur, Malaysia CIFP The framework of Moslem fiscal products based on various Shariah principles and their compartmentalizations. Semester January, 2012 FASHOLA OLAYINKA NURUDEEN learner ID: 1100275 Abstract. ALLAH has created worldly concern as a social creation by temper. Thus, he needs others whom will deal with him in all matters of his career such as trading and sexual union in swan to benefit each other, individually or collectively. Due to the nix side of man, such as having a soul which unceasingly command him to do bad things, the lawgiver has enacted the law for fiscal proceedings and He has ordained regulations for relish of man. Therefore, it is necessary for everyone to mystify an adequate knowledge of these monetary laws, their nature and varieties; their essential requirements and con ditions; their rules and juristic effects, etc. This write up seeks to research the Muslim financial products, their classifications base on the Shariah principles and how they give the bounce be utilize to the Islamic banking and general financial transactions towards ensuring that the limits and laws of ALLAH are protected.

Objectives of the research. To localise the various Shariah principles in Islamic financial transactions To lay the classifications of the Shariah principles in Islamic financial transactions To debate the framework of the Shariah principl! es and its classification in the design and development of Islamic financial products. To discuss how Shariah principles are applied to ultramodern Islamic banking and finance. primaeval terms of the research * Shariah Principles *Islamic Banking *Islamic monetary Products *Ijarah * Musharakah Table of Content 1.0...If you want to get a earnest essay, order it on our website: OrderCustomPaper.com

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