{"product_id":"9783031501043","title":"Hire Purchase Under Shirkah al-Milk (HPSM) in Islamic Banking and Finance: A Shari'ah Analysis","description":"\u003ch1\u003eHire Purchase Under Shirkah al-Milk (HPSM) in Islamic Banking and Finance: A Shari'ah Analysis\u003c\/h1\u003e \u003ch2\u003eHassan, M. Kabir; Mostofa Hossain, Muhammad; Muneeza, Aishath\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eHPSM is a modern financial contract that comprises shirkah (partnership), ijarah (lease), and sale contracts. In the HPSM contract, ownership of the asset is jointly  held by the bank and the client. The client makes regular instalments. During the  contract, the client is granted to use the asset as long as he meets specific  conditions. Upon the completion of all instalments, the asset becomes the  property of the client. \u003c\/p\u003e\u003cp\u003eThis book seeks to shed light on the fundamental concept of HPSM, including the  policies, regulations, and subsidiary contracts that play a vital role in its practical  application. It provides a thorough exploration of the documentation and  accounting procedures, while also addressing potential Shari’ah-related issues in  HPSM, and will be of potential interest to students, researchers, policymakers  and practitioners, offering a comprehensive understanding of how HPSM is  applied within the Islamic finance industry.\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2024-02-03\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783031501043\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-031-50105-0\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 224\u003c\/p\u003e ","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":45665718075532,"sku":"9783031501043","price":44.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783031501043.jpg?v=1776091526","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783031501043","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}