Conclusion

M. Kabir Hassan, Muhammad Mostofa Hossain () and Aishath Muneeza ()
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Muhammad Mostofa Hossain: University of Malaya
Aishath Muneeza: International Centre for Education in Islamic Finance (INCEIF University)

Chapter Chapter 10 in Hire Purchase Under Shirkah al-Milk (HPSM) in Islamic Banking and Finance, 2023, pp 201-209 from Springer

Abstract: Abstract In this concluding stage, this chapter consolidates the key findings from the preceding chapters of the study, offering readers a comprehensive overview of the entire study. Emphasising the significance of the findings, it puts forth substantial recommendations derived from the study’s insights. These recommendations are designed to enhance the transparency of the application of HPSM in modern financial contexts in various jurisdictions, concerning its legality, religious adherence, and economic considerations. Indeed, the fundamental objective of this chapter is to underscore the importance of scrutinising HPSM with a focus on stakeholders’ interests, all while maintaining the integrity of Shari’ah obligations.

Keywords: HPSM; Hire purchase; Hybrid contract; Islamic hire purchase; Hire Purchase under Shirkah al-Milk (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-50105-0_10

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DOI: 10.1007/978-3-031-50105-0_10

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