Islamic Finance

Murabaha ‘Aksiya

May 22, 2023
Finance

Sidestep Certificate

May 22, 2023

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The irrigation worker (مساقي) in a musaqa contract/ musaqat contract (tree irrigation contract) who supplies water to trees (specifically fruit-bearing trees) to help grow them, by whatever means (by manual labor, by means of channels, etc). In return for his efforts, saqi receives a portion (predetermined share) of the trees’ produce/ yield (ghalla) as stipulated in the contract.

Musaqi is also known as saqi (ساقي).

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