The Concept of Ownership in Islamic Perspective

Slides:



Advertisements
Similar presentations
SALIENT FEATURES OF ISLAMIC FINANCIAL LEASE
Advertisements

CHAPTER 12 KHALID MAHMOOD CHEEMA
Introduction to Ijarah Version 2.0 Release Date: Jamad ul Thani 31, 1430 H June 25, 2009 Prepared By: Product Development and Shariah Compliance Department.
For Recreation Residences A Forest Service Perspective
Renting or Owning??? Principles of Law Mrs. Pollison.
Twomey, Business Law and the Regulatory Environment (14th Ed.)
Copyright Mohd Zulkifli Muhammad 1 AFS2023 USUL FIQH/ISLAMIC JURISPRUDENCE Maslahah Mursalah (Considerations of Public Interest) 5/1/2015.
Copyright Mohd Zulkifli Muhammad 1 AFS2023 USUL FIQH/ISLAMIC JURISPRUDENCE URF (CUSTOM) 5/16/2015.
Private Wrongs: Torts Negligence and Strict Liability Chapter 14.
AFS2023 USUL FIQH/ISLAMIC JURISPRUDENCE
Center of Islamic Finance COMSATS Institute of Information Technology Lahore Campus 1 Adopted from open source lecture of Meezan Bank.
AFS2023 USUL FIQH/ISLAMIC JURISPRUDENCE
Keeping Your Copyrights Deborah R. Gerhardt – Fall 2005.
Case Studies. Legitimacy of IP protection for software Should we, as a society, give IP protection for software? – We will consider a rights-based analysis,
AFS2023 USUL FIQH/ISLAMIC JURISPRUDENCE
PROPERTY RIGHTS LEGAL PERSPECTIVE
P A R T P A R T Property Personal Property and Bailments Real Property Landlord and Tenant Estates and Trusts Insurance Law 5 McGraw-Hill/Irwin Business.
THE CONCEPT OF IJARA Dr. Muhammad Zubair Usmani Sharia Advisor
Essentials of Islamic Banking and Finance
Property of Virginia Beach City Public Schools ©2012 by Virginia Beach City Public Schools, P.O. Box 6038, Virginia Beach, Virginia All rights.
COURSE OUTLINE.
Social Studies 6 Unit V: Local Government. What is a local government?  Local Government: legislative and executive group that is responsible for governing.
UARC Intellectual Property Management Burney Le Boeuf Director, Aligned Research Program of UARC Professor Emeritus UC Santa Cruz November 12, 2009.
Nature and Types of Bailments CHAPTER THIRTY-TWO.
Chapter 6 The Two Extremes: Perfect Competition and Pure Monopoly.
Property of Virginia Beach City Public Schools ©2014 by Virginia Beach City Public Schools, P.O. Box 6038, Virginia Beach, Virginia All rights.
1-1 CHAPTER 6 MATERIALS TO SUPPLEMENT TEXTBOOK J. Pittman, Instructor.
Personal Property. I. GENERAL STUFF A. Definitions 1. “Personal property” = all “property” that is ________________ 2. “Goods” = ____________ personal.
Presented By: Muhammad Raza SEVP & Group Head Consumer Banking & Marketing Meezan Bank Limited Islamic Housing Finance - Snapshot.
Leasing. Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax.
ISLAMIC INSURANCE.
University of Alberta Libraries Licensing Background Implications –Everyday Issues –Occasional Issues Summary.
Class Eight: Personal Property III Liens and Security Interests 1.
Chapter 1 Introduction to Real Estate Principles 2010©Cengage Learning. All Rights Reserved.
McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 13 Discharge and Remedies.
Accounting for IJARAH Financing.  Ijarah financing is a well recognized concept used in Islamic banking industry especially for motor vehicle and equipment.
6/13/2016Copyright Dr. Remali Yusoff 1 GE30503 ISLAMIC FUND MANAGEMENT.
GT20202 FIQH MUAMALAT © Mohd Zulkifli Muhammad, All rights reserved INTRODUCTION TO FIQH MUAMALAT.
THE CONTRACT OF SALE FIQH MUAMALAT Copyright © 2011 MOHD Zulkifli Muhammad.
9: Contract of Salam (Forward Sale) and Istisna’(Manufacture) GE20603 FIQH MUAMALAT Copyright © 2011 Mohd Zulkifli Muhammad.
Aflac WorkForces Report Confidential and Proprietary. For Internal Use Only. Do Not Distribute. These materials contain proprietary information.
Plagiarism Quiz Candice, Siana, Donna & Isata.  TRUE Plagiarism is considered an act of fraud. If you commit plagiarism, you are stealing something that.
The Concept of Property Related to Wills, Trusts, and Estate Administration Chapter 1.
THE CONCEPT OF PROPERTY IN ISLAMIC LAW
Software Verification and Validation
CONTRACTS & OBLIGATIONS
BRIDGE MAINTENANCE & INSPECTION RESPONSIBILITIES
Public and Private Law František Halfar
The Concepts of Hibah and Wadi’ah
Chapter 1 – Introduction to Real Estate
What is meant with Legal Cadastral Domain Model
Intellectual Property Rights
WORKSHOP LIVING IN THE CZECH REPUBLIC
what is meant with the phrase "real estate is a bundle of rights"
Lecture 7.
Unit II - Legal Aspects of Business - Mr.K.Mohan Kumar, AP/MBA
SIMAD UNIVERSITY Faculty of law Course name: law of Property
Revision Test 2.
Ariba Contracts: Complete eSignature
Rights and Obligations of the Parties
Rights and Obligations of the Parties
تسلیم کالای جانشین توسط بایع Deliver of Substitute Goods
Rights and Obligations of the Parties
State and Local governments
CRIMINAL OFFENSE HOMICIDE
BRIDGE MAINTENANCE & INSPECTION RESPONSIBILITIES
Slide Set Six: Personal Property II Liens and Security Interests
BRIDGE MAINTENANCE & INSPECTION RESPONSIBILITIES
TAKAFUL COMPANIES.
The health examination periods (birth, 3–4 months, 6–10 months, 18 months and 36–42 months) and the six groups (zero, I, II, III, IV and control) divided.
Presentation transcript:

The Concept of Ownership in Islamic Perspective GE20603 FIQH MUAMALAT Semester II Sesi 2010/2011

Copyright Reserved 2011 Mohd Zulkifli Muhammad Contents Definition Permitted or Prohibited Accept the Ownership The types of Ownership The types of imperfect/ incomplete ownership The characteristics of imperfect ownership- ‘haq al-intifa’ The termination of ‘haq al-intifa’’ ‘Haq Irtifaq’ The reason of complete/ perfect ownership 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership Definition= Lughah = Istilah 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership Permitted or Prohibited Accept the Ownership->divided into 3 categories: 1) Prohibited to give it or accept it as ownership totally- for public benefit- e.g.: road, bridge, city, railway, river, museum, public library & public recreational park 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership 2) Prohibited to owned by itself provided that if it allowed by Shari’ah Jurisprudence- e.g.: ‘waqaf’ and ‘baitulmal’ property 3) Possible to owning 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership The types of Ownership- divided into 2 types: complete/ perfect ownership = ‘ain and benefit Incomplete/ imperfect ownership = ‘ain or benefit (haq al-intifa’)-> *haq al-intifa’=haq syakhsi and haq ‘aini (haq irtifaq) 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership The types of imperfect/ incomplete ownership Haq ‘ain Haq intifa’- 5 reason a) borrow b) rent 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership c) ‘waqaf’ d) ‘wasiyyat’ e) ‘ibahah’- allowed to use- divided into general and specific *what the differences between ownership and ‘ibahah’? 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership The characteristics of imperfect ownership- ‘haq al-intifa’ Limited with time, place and attribute Not allowed to ‘wasiyyat’- according to Hanafi 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership 3) Be rightly assigned to benefit 4) Cost in maintenance 5) Deliver after used 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership The termination of ‘haq al-intifa’’ Finished the using period Damaged or malformation The death of person that used it’s benefit The death of person that give the benefit 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership ‘Haq Irtifaq’ Haq syurb Haq al-majra Haq al-masil Haq al-murur Haq al-jiwar 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership The reason of complete/ perfect ownership Control over property that is ‘mubah’ Through valid contract Through ‘khalfiah’ Birth from the owns animal 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership (1) Control over property that is ‘mubah’ ‘Ihya’ al-Mawat’ Al-Istiyad Forest (ajam) and grass (al-kala’) Mineral (ma’adin) and treasure (kanz) *treasure (kanz)= ‘kanz jahiliyyah’, ‘kanz Islamiy’ & ‘kanz al-musytabah fih’ 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership (2) Through valid contract Contract of ownership Voluntary Constraint= divided into 2 i) ‘soreh’ (by law) ii) deprive ownership by constraint action a) ‘Syuf’ah’ b) for public use 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership (3) Through ‘khalfiah’ 1) substitute someone from someone else (heritage) 2) substitute something with something else (indemnity)- including diyat in criminal 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

The Concept of Ownership (4) Birth from the owns animal “Owner for ‘asl’ also become owner for thing growing out of another or branch” 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad

Copyright Reserved 2011 Mohd Zulkifli Muhammad WALLAHU ‘ALAM 9/12/2018 Copyright Reserved 2011 Mohd Zulkifli Muhammad