Abstract

This study addresses multiple financial contract agreements; a type of contracts that is concluded by virtue of prior consent to the provisions thereof by and between the contracting parties, resulting in rights and obligations to each such contracting party. This study adopts an inferential analytic approach to highlight this type of contracts while tracing it to its origins under the Islamic Law (Shari’ah), identifying the key Islamic lawful genres thereunder and their Islamic lawful standards pursuant to the principles of Islamic Law The author concludes that this type of multiple-contract agreements is lawful provided that the applicable standards are observed and applied. Where such standards are observed, key genres of this umbrella type of contracts include murabaha (mutually markup agreed) and lease contracts.