What the author says about this book:
The content of this book is mainly on the modes and procedures of termination of contractual obligation from the Shariah perspective or known as suqut al mujabat. The discussion starts with the introduction on the concept of contractual obligation (iltizam) and its relevant concepts. This is followed by deliberation on the modes of termination of contractual liabilities that parties to a contract can use if they wish to relinquish or terminate their financial or contractual liabilities and/or obligations. The prescribed Shariah methods for this purpose includes the fulfillment or performance (al-ija’), the waiver or release (al-ibra’), novation (tajdid al-mujabat), set-off (tajdid al-muqassah), fusion of liabilities (ittibad al-dhimmah) and overdue of such obligation by means of limitation period (al-taqadum). The discussions examines and analyse the concepts by referring to the views of scholar that are available in the rich literature of early and contemporary Muslim scholars (fuqaha’). The book ends with the cerebration on the applicability of such principles and concepts into the contemporary commercial transactions particularly Islamic banking and finance.

Prof. Dr. Rusni Hassan

What the author says about this book:
This book originates from the thesis of the author. It attempts to highlight the practical general principles of contract, codes, and ethics of trading, wisdom underlines the prohibition of riba, the practicality of the Islamic banking system, and economic viability of the profit-sharing scheme.
Dr. Razali Hj. Nawawi

This book describes the original Shari’ah contracts and followed by its contemporary applications in Islamic banking products. It also provides extract quotations from the traditional books of Islamic jurisprudence, the modern Islamic finance and banking books as well as resolutions from various fiqh councils especially from the Shari’ah standard developed by AAOIFI.