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Difference Between Sukuk and Bonds

Sukuk are financial instruments and certificates of equal value representing undivided shares in ownership of tangible assets/ projects/ usufructs/ services/...

    Difference Between Zakah and Tax

    Zakah (زكاة) is Arabic for obligatory charity (the third pillar of Islam). It constitutes a portion of wealth prescribed by...

      Accounting Treatment for Purchase Undertaking in Sukuk

      Purchase undertaking in sukuk is an undertaking (binding promise- wa'ad mulzim) by either the issuer of sukuk or the manager...

        Salam In Currencies

        Salam is a type of sale (ba’i) in which the price (the capital of salam) is paid in advance while...

          Applications of Murabaha

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

            Rebate on Early Payment in Murabaha

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

              Difference Between Khiyar and Wa’ad

              Khiyar is an option that is given to one or both of the contracting parties or a third party to…