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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...

Key Principles of Mudaraba

Mudaraba is a joint venture between a capital provider (rab al-mal or financier) and an entrepreneur (mudarib or businessman) who...

Arboun In Murabaha

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

Shari’ah Rules on Agency In Murabahah

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

Definition of Mudarabah

Mudarabah (مضاربة) is a type of partnership (sharakah or musharakah) for profit (ribh) which is structured so that one partner...