Islamic Finance – Page 10

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Classifications of Sharikah

Sharikah (partnership or corporate entity) or musharakah (the process of forming sharikah) is the commingling of funds and/or resources from...

Invalid Assets for Murabaha Transactions

Murabaha (also spelled murabahah) is a shari’a compatible mode of debt financing which involves the sale of a commodity mostly...

Difference Between Qabdh and Taqabudh

Qabdh (قبض) is the unilateral act of taking delivery. In other words, it is the act of taking delivery of...

Agency In Murabaha

Murabaha (مرابحة)- cost-plus sale- is one of the most common Islamic contracts of trading. It belongs in the broader class...

Difference Between Jahalah and Gharar

Jahalah/ al-jahalah (جهالة/ الجهالة) is the lack of knowledge about the specifics of an object, event, or action, in spite...

Basic Violations and Mistakes in Murabaha

By definition, murabaha is a type of sale (ba’i or bay’) in which the seller candidly reveals to the buyer...

Degrees of Gharar

Gharar is an element of risk, uncertainty, or hazard that could render a contract void. A gharar-associated contract is one...

Shari’a Stipulations for Dealing in Commercial Papers

Commercial papers consist of bills of exchange, promissory notes, and cheques. In Islamic banking and financial dealings, it is permissible...

Disclosure of Murabaha Purchase Price

Murabaha (also spelled murabahah) is a shari’a compatible mode of debt financing which involves the sale of a commodity mostly...

Discount on Early Payment in Murabaha Transactions

Murabaha (also spelled murabahah) is a shari’a compatible mode of debt financing which involves the sale of a commodity mostly...