Islamic Finance - Islamic business law's adaptability to financial demands, avoiding the necessity for interest-based lending Contracts
When the offeror and the offeree agree on a set of terms, they have reached a contract. The characteristics that set one contract apart from another are its foundation or conditions. A sale contract differs from a lease contract, for instance, and the two cannot be used for the same thing at the same time. One is committed to completing the transfer of ownership, whereas the other impacts the transfer of the right to use or usufruct while the owner or lessor retains ownership or title.
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