Home Ownership with Options in Islamic Finance: A Rejoinder
12/9/2011 10:47:08 AM
Irshad Ahmad Aijaz
Recently, Brother Salman Ahmed has submitted a proposal of a Shari'ah compliant alternative model of housing finance. Below, I submit my comments on the proposal.
Undertaking in Islamic finance
Undertaking (Wa’d) is somewhat a debatable issue, some scholars do not see its legal enforceability (respected Dr Rafic Al-Masri is among them) while majority of scholars allow it. Brother Salman’s objection that it is an “organized way of avoiding market risk” is not a valid criticism.
No comments:
Post a Comment