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Concept of Originator in Islamic Finance

An originator (of sukuk or similar instruments) is an Islamic financial institution (IFI) or other institution that issues sukuk under...

Islamic Capital Instruments: Definition and Types

By definition, a capital instrument is any contract or contractual agreement that gives rise to a financial asset (cash, an...

Factoring: Concept and Shari’ah Perspective

Factoring is the sale of accounts receivables at a discount to a third party called the factor with recourse (i.e.,...

Difference Between Sukuk Originator and Sukuk Issuer

A sukuk originator (also, a sukuk principal issuer) is a market player (such as an Islamic financial institution, IFI, or...

Applications of Investment Agency

Wakala bil istithmar (investment agency) is a type of wakala representing an instrument in which a principal (muwakkil) appoints an...

Applications of Wakala bi al-Istithmar

Wakala bi al-istithmar (investment agency) is a type of wakala representing an instrument in which a principal (muwakkil) appoints an...

Applications of Wakala Bil Istithmar

Wakala bil istithmar (investment agency) is a type of wakala representing an instrument in which a principal (muwakkil) appoints an...

Difference Between Loan and Debt

A loan (qard) is a fungible item (including money) that is transferred from one party (the lender) to another (the...

Comparison Between Loan and Debt

A loan (qard) is a fungible item (including money) that is transferred from one party (the lender) to another (the...

Discount on Premature Payment in Murabaha Transactions

Murabaha (also spelled murabahah) is a shari’a compatible mode of debt financing which involves the sale of a commodity mostly...