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Islamic Finance

  Islamic Finance   |   Terms
  • 1512
  • February 18, 2021
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Noncommutative Contract

A non-compensatory contract (in Arabic, aqd tabarru) in which a property is donated by one party to another against no consideration (iwadh/ ajr, etc.) as in a unilateral transfer of wealth or resources. The donor transfers ownership of the property to the donee free of charge and free of any commitment or obligation. Among the key noncommutative contracts, in Islamic finance, are:


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