Bai‘ ké ‘Unwan sé Aik Hila’ (A Contrivance in the Name of Sale)
Argues that a sales contract in which the buyer is bound to sell the commodity after a certain time to the seller at a higher or lower price is unlawful. It is merely a contrivance to circumvent riba. The banks in Pakistan are applying this contrivance and it is unlawful under Islamic law.Juristic. For jurists and economists. Based on primary sources. Documented.
Murawwaja Bîma kî Shar“î Haithiyat (Legal Position of Contemporary Insurance)
Critical review of A.M. Irfãnî's paper on the same . subject (Fikr-o-Nagar, February 1984). Argues that Irfãnî has confused the issue. The Contract of insurance involves both interest as well as gambling. Juridical style. Rhetorical. For jurists and Muslim economists. Based on primary sources. Documented.
Bai‘ Mu'ajjal and Bai‘ Murabaha (Credit Sale and Sale on Pre-agreed Profit)
Paper presented to, the Seminar on Islamic Financing Techniques organised by I.I.I.E. at Islamabad in December 1984. Defines bai‘ mu‘ajjal and bai‘ murabaha. Argues that difference between the cash and credit sale prices of a good is unlawful and very close to riba. Discusses other methods of circumventing riba such as bai‘ al-'inah, bai‘ al-wafa’, muhaqala, muzabana, etc. A comprehensive paper. Based on primary sources. Documented. For jurists. Difficult for economists.