Murabaḥah

Murabaḥah, murabaḥa or murâbaḥah (Arabic مرابحة) is an Islamic term for a sale where the buyer and seller agree on the markup for the item(s) being sold. In recent decades it has become a term for "the most prevalent financing mechanism" in Islamic (i.e....

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Islamic banking and finance

Islamic banking (Arabic: مصرفية إسلامية‎) is banking or banking activity that is consistent with the principles of sharia (Islamic law) and its practical application through the development of Islamic economics. As such, a more correct term for...

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Islamic Finance – State of the Global Islamic Economy Report 2013

The existing Islamic Finance market stands at an estimated $1.35 trillion in assets covering commercial banking, funds, sukuks, takaful, and other segments.  While this represents a very small proportion of global financial assets, it is a fast growing segment growing at 15-20%...

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Global Islamic Economy : 2013

 Given the growing trend of unique products and services that are catering to the large 1.6 billion Muslim population, there is a distinct lack of a comprehensive view of the existing Islamic economic landscape as well as its future potentials and opportunities. The State...

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32-List of Islamic financing products

32-List of Islamic financing products List of financing concept/products that we shall discuss in detail are listed below: Debt Financing Al-Bai' Bithaman Ajil/Bai' Muajjal (Deferred Payment Sale) Al-Murabahah (Cost Plus) Tawarruq (Commodity Murabahah) Al-Qard (benevolent...

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Al Rayan Bank is the UK’s

Al Rayan Bank is the UK’s only wholly Sharia compliant retail bank.  We’ve been pioneering British Islamic banking since 2004. By solely focusing on banking activities which are compliant with Islamic law, Al Rayan Bank is able to make a significant and lasting difference...

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Fiqh az-Zakat: A Comparative Study By Yusuf al-Qaradawi HARDBACK 600+ Pages Among the most important books Dr. Yusuf al-Qardawi has written is the present volume on fiqh az-Zakat. It is a study which deals in depth with legal rulings and philosophy of...

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Ruling on dealing in petroleum and other commodities on the stock exchange

What is the ruling on working in the global stock exchange and dealing in petroleum only, and not in currencies or gold, and not working in the index system either?. Praise be to Allaah. It is permissible to deal in commodities via the stock exchange, if the conditions...

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Introduction to Zakaah : Abdul-azeez bin Baaz

All Praises are due to Allah alone, and may the Peace and Blessings of Allah be upon him (Muhammad peace and blessing be upon him) after whom there is no Prophet, and upon his family and companions. To proceed: I wrote this treatise in order to sincerely advise and remind...

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Riba (Usury and Interest)

Riba (Usury and Interest)According to Quran and Sunnah Defining the ProblemRiba (Usury) is of two major kinds: .Riba An-Nasia - Interest on lent money. Riba Al-Fadl - Taking a superior thing of the same kind of goods by giving more of the same kind of goods of inferior quality,...

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Riba, Its Economic Rationale and Implications

Riba, Its Economic Rationale and Implications By Dr. Abdel-Rahman Yousri AhmadDirector GeneralInstitute of Islamic UniversityPakistan Introduction The word "Riba", in Arabic language, literally means an "increment' or addition". In Islamic Fiqh the term riba has...

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