Monday, 18 September 2017 11:33

Financing

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  • Murabaha Financing: - A contract of promise to sell and to buy commodity, machinery, vehicle etc on agreed profit added to the cost (mark-up).
  • Ijaraha Financing: - is a form of financing applicable to financing and operating leases of properties.
  • Salam: - is a sale whereby the seller undertakes to supply some specific goods to the buyer at a future date in exchange of an advanced price fully paid at spot. Salam is used to finance agricultural like goods.
  • Istisna: - Sales transaction concluded before the commodity came into existence. CBO shall act as a manufacturer or constructor to undertake house construction, plant, power station, roads projects etc as per specification.

 

 

 

 

Read 338 times Last modified on Tuesday, 26 September 2017 06:56
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