Musharakah Definition The Musharakah is an association between two or more parties in the capital of a company, project or operation by means of an apportionment of the results (losses or profits) in agreed proportions. It is based on the client’s morality, the relationship of trust and the profitability of the project or operation. The […]
IJARAH or Lease Financing Definition | Benefits and Conditions to Apply
IJARAH or lease financing is a lease of property with a promise of sale for the benefit of the lessee. This is a relatively recent financing technique involving three main players: The supplier (manufacturer or seller) of the good The lesser (in this case the bank that buys the property to rent it to its […]
Musawamah Definition & Conditions to Apply and Benefits for Business
MUSAWAMAH can be defined as a sales contract with deferred delivery of the goods. Thus, unlike Modaraba, the Bank does not intervene as a seller on credit of the goods acquired on command of its relationship, but as a purchaser, with cash payment of a commodity that will be delivered to it by its partner. […]
Is Islamic Finance an Islamic Finance?
Is Islamic Finance an Islamic Finance? Islamic Finance is of course from Muslim countries, although some traditional and western banks now offer some Islamic products. In these cases, the term “Islamic Window” is used, where all activity related to Islamic finance in a conventional bank is confined to avoid any risk of making the transaction […]
How does Islamic Financing Work | Prohibitions in Islamic Finance
Islamic Financing System Islamic financing respects a number of principles dictated by the Quran, the Sunna (prophetic tradition) or Fiqh (Islamic jurisprudence). The main prohibitions or restrictions of the Shari a include for Islamic financing system are:- Prohibitions in Islamic Finance System The interest (Riba) The prohibition of riba is a fundamental rule of Islam. […]
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