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Islamic Finance

  Islamic Finance   |   Terms
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  • November 19, 2020
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Haq al-Tamalluk

Arabic (حق التملك) for ownership right or a person’s right to own. It is a right (haq) established and recognized by shari’a to the effect that a person has the legal capacity to own and use something (asset, property, benefit, etc.) and have an access thereto, within the reasonable limits of law and order. Haq al-tamalluk gives its holder an unencumbered right to use, benefit from, and dispose of the owned object (subject matter of ownership).


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