1. SURAH AL-BAQARAH (AYAT 282)
1.1. * For every religion, both debt and sale in debt, must be written and documented. * There should be an author other than both parties who transact, but are based on the acknowledgment of the debtor. * The debtor and the lender must pay attention to God and not underestimate the truth and maintain honesty. * In addition to writing, there must be two witnesses believed by both parties to witness the transaction process. * In cash transactions, no need to be written and the presence of witnesses is sufficient.
2. FOUNDATION
2.1. -BELIEF -GOD CONSCIOUNESS -KNOWLEDGE -SINCERITYBELIEF -GOD CONSCIOUNESS -SINCERITY -HUMAN BEINGS -SOURCES OF LAW
3. FORMALITIES OF CONTRACT - OFFER (IJAB) AND ACCEPTANCE (QABUL)
3.1. OFFER (IJAB)
3.1.1. MODES OF OFFER - VERBAL, WRITTEN GESTURE, DELIVERY CUSTOM, LETTER OF POST TENSE OF OFFER - GENERALLY MADE USING PAST TENSE BUT IN SOME SITUATION, AN OFFER COULD ALSO BE MADE IN OTHER TENSE COUNTER OFFER - IN ORDER TO CREATE A BUILDING AGGREEMENT, THE OFFER AND ACCEPTANCE MUST MATCH. THE OFFEREE MUST ACCEPT ALL THE TERMS OF THE OFFER REVOCATION OF AN OFFER - ACCORDING TO HANAFI AND HANBALI, THE OFFEROR HAS THE RIGHT TO REVOKE THE OFFER ANYTIME BEFORE ACCEPTANCE IS MADE TERMINATION OF AN OFFER - REVOCATION, REJECTION BY THE OFFEREE , COUNTER OFFER ,ABSENCE OF ACCEPTANCE,DEATH,LAPSE OF TIME.
3.2. ACCEPTANCE (QABUL)
3.2.1. MODES OF ACCEPTANCE - VERBAL, WRITTEN, GESTURE, PAYMENT, CUSTOM, LETTER OF POST TENSE OF ACCEPTANCE - AN ACCEPTANCE MUST EITHER BE IN THE PAST OR PRESENT TENSE. IN NO SITUATION, CAN BE AN ACCEPTANCE GENERALLY USE PAST TENSE. COMMUNICATION OF AN OFFER -