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 schoolchild ID: 1100275 Abstract. ALLAH has created worldly concern as a social cosmos by character. Thus, he needs others whom will deal with him in all matters of his career such as trading and brotherhood 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 legal proceeding and He has ordained regulations for angle of inclination of man. Therefore, it is necessary for everyone to mystify an adequate knowledge of these monetary laws, their nature and varieties; their essentia l requirements and conditions; their rules and juristic effects, etc. This write up seeks to research the Moslem financial products, their classifications base on the Shariah principles and how they stinker 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 cover the framework of the Shariah principles 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. cardinal terms of the research * Shariah Principles *Islamic Banking *Islamic pecuniary Products *Ijarah * Mus harakah ! Table of Content 1.0...If you want to get a dangerous essay, order it on our website: OrderCustomPaper.com

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