Islamic Finance

In: Social Issues

Submitted By zafarfirdausi
Words 61209
Pages 245
an Introduction to Islamic Finance
= = =


Foreword Some Preliminary Points
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6 9

Musharakah qÜÉ=`çåÅÉéí=çÑ=jìëÜ~ê~â~Ü= qÜÉ=_~ëáÅ=oìäÉë=çÑ=jìëÜ~ê~â~Ü=
Distribution of Profit Ratio of Profit Sharing of Loss

23 24 24

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Termination of Musharakah without Closing the Business



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Musharakah & Mudarabah as Modes of Financing mêçàÉÅí=cáå~åÅáåÖ= Securitization of Musharakah Financing of a Single Transaction Financing of the Working Capital

39 42 43

Risk of Loss Dishonesty Secrecy of the Business Clients’ Unwillingness to Share Profits House Financing on the Basis of Diminishing Musharakah Diminishing Musharakah for Carrying Business of Services Diminishing Musharakah in Trade



52 54 55 56


59 63 63

Murabahah fåíêçÇìÅíáçå= Some Basic Rules of Sale Bai’ Mu’ajjal (Sale on Deferred Payment Basis)

66 70

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Murabahah as a Mode of Financing Basic Features of Murabahah Financing Different Pricing for Cash and Credit Sales The Use of Interest-Rate as Benchmark Promise to Purchase Securities against Murabahah Price Guaranteeing the Murabahah Penalty of Default No Roll Over in Murabahah Rebate on Earlier Payment Calculation of Cost in Murabahah Subject Matter of Murabahah Rescheduling of Payments in Murabahah…...

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