LEGAL NATURE AND CONDITIONS OF THE SECURITIES OF HIRE

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MUSAVIAN SEYYED ABBAS; RAHIMI SEYYED ALI ASGHAR

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

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Journal: ISLAMIC LAW Year:2012 | Volume:9 | Issue:32 Page(s): 91-121

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Title

LEGAL NATURE AND CONDITIONS OF THE SECURITIES OF HIRE

Author(s)

MUSAVIAN SEYYED ABBAS | RAHIMI SEYYED ALI ASGHAR | Issue Writer Certificate

Keywords

HIRE SECURITIESQ2

LEGAL CHARACTERISTICSQ2

LEGAL NATUREQ2

PRIMARY MARKETQ2

SECONDARY MARKETQ2

Abstract

HIRE SECURITIES are among instruments for Islamic finance and its structure is based on the contract of hire; thus, the legal relations governing them should be specified. Thus, HIRE SECURITIES, in legal terms, are collections of legal relations which are, on the long run, of a combined LEGAL NATURE and among such relations are the rights to be financial, transferable, follow the basic assets in terms of transferability or nontransferability, possibility of being used as a mortgage, to be an instrument showing the owner’s share in the basic asset of the securities and that they may be attached. To transfer these securities in the PRIMARY MARKET, a combination of various contracts is required and to do so in the SECONDARY MARKET, the nature of the “sale of joint share” should be taken into account, and certain formalities should be observed. Because of the importance of protecting the rights of the owners of capital, the foundations participating in these securities should follow certain conditions in accord to the rules and their relation has been based on the various contracts. The present article is aimed to reply the question that which characteristics and legal effects follow the securities and what the LEGAL NATURE of transfer of the securities in the primary and SECONDARY MARKETs is and what the conditions of the foundations of the HIRE SECURITIES.

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APA: Copy

MUSAVIAN, SEYYED ABBAS, & RAHIMI, SEYYED ALI ASGHAR. (2012). LEGAL NATURE AND CONDITIONS OF THE SECURITIES OF HIRE. ISLAMIC LAW, 9(32), 91-121. SID. https://sid.ir/paper/231164/en

Vancouver: Copy

MUSAVIAN SEYYED ABBAS, RAHIMI SEYYED ALI ASGHAR. LEGAL NATURE AND CONDITIONS OF THE SECURITIES OF HIRE. ISLAMIC LAW[Internet]. 2012;9(32):91-121. Available from: https://sid.ir/paper/231164/en

IEEE: Copy

SEYYED ABBAS MUSAVIAN, and SEYYED ALI ASGHAR RAHIMI, “LEGAL NATURE AND CONDITIONS OF THE SECURITIES OF HIRE,” ISLAMIC LAW, vol. 9, no. 32, pp. 91–121, 2012, [Online]. Available: https://sid.ir/paper/231164/en

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