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Difference Between Murabaha and Istisna’a

Murabaha is a sale-based transaction (a cost-plus sale) which involves the sale of goods/ assets for a price (thaman) consisting...

Difference Between Murabahah and Musawamah

Murabahah is a sale-based transaction (a cost-plus sale) which involves the sale of goods/ assets for a price (thaman) consisting...

Types of Non-Monetary Transactions

Non-monetary transactions are exchanges and nonreciprocal transfers that involve no monetary assets or liabilities (non-monetary assets/ non-monetary liabilities), or at...

Ba’i al-Tawarruq vs. Ba’i al-Einah

Both tawarruq and einah are two different developments of murabaha. Tawarruq is sometimes called commodity murabaha as it involves having...

Ba’i al-Tawarruq versus Ba’i al-Einah

Both tawarruq and einah are two different developments of murabaha. Tawarruq is sometimes called commodity murabaha as it involves having...

Ba’i al-Inah in Murabaha Transactions

Ba’i al-inah (also spelled al-einah) is a type of buy-back sales in which the borrower and the lender agree (in...

Urboun in Murabaha

Murabaha is a type of trust-based sale (buyu al-amana) whereby acquisition of assets is financed on short or relatively long...

Wakalah In Murabahah

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

Key Differences Between IFRS and AAOIFI Standards

The key differences between the international financial reporting standards (IFRS) and Islamic finance standards (particularly the financial accounting standards issued...

Wakalah: Definition and Classification

Wakalah is the process whereby a person (principal; in Arabic: muwakkel) empowers another person (agent; in Arabic: wakeel) to perform...