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"THE CONCEPT OF AQAD, ESSENTIAL ELEMENTS & THE IMPORTANT OF AQAD"

LECTURE NAME : PUAN NORAZAH BINTI MOHD SHARIFF

MEMBERS' NAME :

1. NURHAZIRA BINTI MUSTAFA                                     01DIB15F1004
2. UMI SAKINAH BINTI MUHAMAD                               01DIB15F1008
3. ANIS KARTINI BINTI HASENAN                                 01DIB15F1010
4. NUR ATIKAH BINTI AZIZAN                                        01DIB15F1018
5. SITI NOR IDAYU BINTI AHMAD FADLI                       01DIB15F1024
6. SHASHA BINTI KHAIRUL AZMAN                             01DIB15F1041
7. MAZNI BINTI ABU HASSAN                                       01DIB15F1042
8. SUSILA EREYANTY BINTI SAMSOHOR                    01DIB15F1043

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> Literal meaning are "to tie", "to hold", "to lock", "to contract".

> Technical term is a contract between two parties on a particular subject matter which is to be concluded upon offer (ijab) and acceptance (qabul) of the contracting parties.

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> Contractual parties ( seller, buyer )
> Subject Matter ( price, goods )
> Sighah ( offer, acceptance )

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The important of Aqad in Islamic Banking

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The important of Aqad in Islamic Banking

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> Transaction more secure
> As a proof of the transaction is validness of agreement
> Make sure various of contract known well
> Convenience for growth economy
> More transparent
>Can prevent oppression
>Can maintain the concept of justice
> Terms and Conditions were mentioned - (price, origin of the goods)