According to the consensus of Islamic jurists, Contract Law, known as 'Aqd in Arabic, is a cornerstone of Fiqh al-Mu'amalat (the jurisprudence of transactions). It is defined as the linking of an offer (ijab) from one party with the acceptance (qabul) of another in a manner that creates a legal obligation. The Quran and Sunnah establish a comprehensive framework for contracts, emphasizing the importance of fulfilling obligations, mutual consent, and absolute fairness. A valid Islamic contract must have competent parties, a clear and permissible subject matter, and a form that indicates genuine agreement. The entire system is designed to uphold justice and prevent exploitation, which is why there are strict prohibitions against Riba (interest), Gharar (excessive uncertainty), and Maysir (gambling). Classical scholars like those of the Hanafi school were pioneers in formulating detailed rules for business transactions, ensuring that all dealings are transparent and equitable. This divinely guided legal framework ensures that economic activities contribute positively to society while adhering to the highest ethical standards.