Hire Purchase under Shirkatul Melk
id:
hire-purchase-under-shirkatul-melk-276-8303660
title:
Hire Purchase under Shirkatul Melk
text:
Hire Purchase under Shirkatul Melk (HPSM) is a type of hire purchase contract which has been developed through practice and approved in Shariah. The term is used in Islamic banking. It is a synthesis of three contracts: shirkat, ijarah and sale. Under this mode, banks supply goods on rental basis. Ownership of the goods lies jointly between the bank and the client jointly; the client makes payments in installments, with the balance owned by the bank as mortgage. In the meantime, the client is au
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Hire_Purchase_under_Shirkatul_Melk
date created:
date modified:
2023-06-21T12:41:49Z
main entity:
{"identifier":"Q17004582","url":"https://www.wikidata.org/entity/Q17004582"}
image:
fields total:
13
integrity:
13