Status and implications of
promise (wa’d) in contemporary
Islamic banking

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Status and implications of promise (wa’d) in contemporary Islamic banking

Wa’ad or promise refers to undertaking by one party to do or not to do certain actions in future. Unlike a normal contract or `aqd, the rules governing wa`ad are less stringent as it is merely a promise thus is not binding. Under Shari’ah, due to the unilateral nature of the promise, the details of...

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Bibliographic Details
Main Author:	Abdullah, Nurdianawati Irwani
Format:	Article
Language:	English
Published:	Emerald Group Publishing 2010
Subjects:	HG Finance HG1501 Banking KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh
Online Access:	http://irep.iium.edu.my/3079/ http://irep.iium.edu.my/3079/4/Status_and_implications_of_promise_%28wa%E2%80%99d%29_in_contemporary_Islamic_banking.pdf

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