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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...

Wakalah Model for Takaful

Takaful (التكافل) is an Islamic financial product/ service structured in a way that a number of participants share specific types...

Wakala In Murabaha

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

Key Principles of Murabaha

Murabaha is a cost-plus (mark-up) transaction in which a customer places an order with the financial institution (Islamic bank) to...