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ML 412 – Islamic Commercial Law

This module presents an in-depth study the Islamic commercial law in contemporary contexts. Islamic commercial law, known as fiqh mua’malāt constitutes an important branch of law dealing with issues of business and contracts. In business law, which also covers corporate law, it is the body of law that governs business and commercial transactions. It includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange and partnership. It can also be understood to regulate corporate contract, hiring practices and the manufacture and sales consumer goods. A contract being a legally enforceable agreement between two or more parties with mutual obligations and in Shari’a law, it is a complex legal discipline in both its jurisprudential foundation and its practical function, covering a variety of dealings and transactions to meet the needs of the society.
Module Title : Islamic Commercial Law
Module Type: Designated
Program: MA/PG Dip Islamic Law Distance Education (DE)
Prerequisite(s): none
Credit(s): 15
Module Code: ML 412
Semester: 2
Component(s): Activities: 30% Review Questions & Discussion Group: 10% Final Essay : 60%


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