Showing posts with label HPSM. Show all posts
Showing posts with label HPSM. Show all posts

HPSM-Hire Purchase Under Shirkatul Meelk

HPSM-Hire Purchase Under Shirkatul Meelk (Ijara Muntahia Mittamleek)
is a special type of contract, used by Islamic Banks, which has been developed through practice. It is a combination of three contracts like Shirkat-al-Meelk, Ijarah and Sale.