Home Education Islamic Banking & Applied Finance

Islamic Banking & Applied Finance

IJARAH – Islamic Leasing The meaning of Ijarah - Islamic Leasing is to give something on rent. This is to rent a fixed asset to a person (the lessee) by the owner (the lessor) at an agreed rent price for...
TAKAFUL – Islamic Insurance Takaful – Islamic Insurance is originated from Arabic word Kafalab. It means “joint guarantee”. This is a cooperative scheme where participants pay donations (a premium), which is also called tabarru, in a common pool. In return,...
Murabaha Sale! It is a sale when a person expressively mentioned about cost or original price of the goods and adds some profit before selling to next. Murabaha is absolutely not a loan or not any kind of loan....
The Mudarabah contract is a form of partnership between one who contributes efforts in the form of managerial skills (Mudarib) and the other who contributes capital (Rabb-ul-maal). Profit from the outcome of the venture is shared between the capital...
Musharakah: It is a structured joint venture or partnership in which profit and loss of enterprise is shared according to Islamic finance. The English meaning of Musharakah is “Sharing”. It means all partners will need to share loss as per...
Economics Economics is the efficient utilization of available resources to satisfy maximum needs and wants. Generally, the arrangement, management and distribution of available resources, such as, services and goods either across geographic region or within country by any government or...

HOT BLOGS