CONTRACT OF WADIAH
FIQH FOR Economist II ECON3511
GROUP PROJECT Sem,1 2014– 2015 CONTRACT OF WADIAH
SECTION: 03
ABSTRACT
As students of fiqh for Economist, we have gathered enough information through lectures, analysis in internet, books and hadith come into a conclusion that contract of wadiah is very important contract for Muslim. This is because of the fact that the market for Islamic banking on growing day to day. In this assignment that we have clearly explained Islamic terms and, practices and issues about contract of wadiah. Before writing this assignment, we collected information from various sources such as various books, internet, and visiting websites. Most of practices and issues are adopted from Islamic banking system.
For the purpose of making it more convenient to the reader we have divided this project into five parts.
The first part contains introduction of wadiah which related to definition and what Muslim scholars says about wadiah.
The second part contains the practices of wadiah in modern Islamic banking and what type of products is included under the contract of wadiah.
The Third part contains about pillers and condition about Wadiah.
The fourth part contains about the issuses or challenges faces under the contract of wadiah.
The final part contains about the practice and issue which discussed in the project
Introduction:
The word Wadiah is come from Wada’a which means that keep, store, entrust, leave or deposit. Normally it means that something place under somebody who is not the owner to keep. However, Muslim scholars have defined the term wadi‘ah as follows:
1. According to the Hanafi School,
GROUP PROJECT Sem,1 2014– 2015 CONTRACT OF WADIAH
SECTION: 03
ABSTRACT
As students of fiqh for Economist, we have gathered enough information through lectures, analysis in internet, books and hadith come into a conclusion that contract of wadiah is very important contract for Muslim. This is because of the fact that the market for Islamic banking on growing day to day. In this assignment that we have clearly explained Islamic terms and, practices and issues about contract of wadiah. Before writing this assignment, we collected information from various sources such as various books, internet, and visiting websites. Most of practices and issues are adopted from Islamic banking system.
For the purpose of making it more convenient to the reader we have divided this project into five parts.
The first part contains introduction of wadiah which related to definition and what Muslim scholars says about wadiah.
The second part contains the practices of wadiah in modern Islamic banking and what type of products is included under the contract of wadiah.
The Third part contains about pillers and condition about Wadiah.
The fourth part contains about the issuses or challenges faces under the contract of wadiah.
The final part contains about the practice and issue which discussed in the project
Introduction:
The word Wadiah is come from Wada’a which means that keep, store, entrust, leave or deposit. Normally it means that something place under somebody who is not the owner to keep. However, Muslim scholars have defined the term wadi‘ah as follows:
1. According to the Hanafi School,
References: http://www.bankislam.com.my/.../KeyIssuesChallengesinDevelopingIslamicBa.. http://infotechaccountants.com/forums/index.php?app=core...attach http://www.maybank2u.com.my/mbb_info/m2u/public/personalDetail04.do?channelId=ACC-Accounts&cntTypeId=0&cntKey=ACC01.02&programId=ACC01-SavingsAccounts&chCatId=/mbb/Personal/ACC-Accounts http://www.rhb.com.my/islamic_banking/deposit/wsa-i.html May Allah shower his blessing upon you and may Allah reward you in the world and hereafter. Amen.