Tag: basic muamalat

May 30

Basic principles of Muamalat

The literal meaning of the term “muamalat” (Plural of muamalah) is “the transaction” while its technical idea is any form of mutual dealings held between men to solve their everyday needs, especially in matters relating to trade and commerce. Muamalat is a social relationship which consists of various economic and non-economic activities. Islamic economy is …

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