When a Muslim is asked to sign a contract that may not align with Islamic principles, they can consider the following:
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Islamic interest
The Muslim side should prioritize Islamic interest when agreeing on issues. -
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Mutual cooperation
All transactions should be based on the principle of “Ta’auanu ala birri wa’t-taqwa”, which means mutual cooperation for the cause of goodness or piety. -
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Prohibited elements
The Holy Quran prohibits interest (riba), uncertainty (gharar), and gambling (maysir) in any transaction. -
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Elements of a valid contract
A valid contract in Islam requires the following elements:- An offeror and an offeree
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- An offer and acceptance
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- A subject matter and consideration
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- The parties must be at the age of puberty and have sound judgment
- An offeror and an offeree
Ahsan Ahmad Answered question November 8, 2024