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In Islamic finance, al Ijarah does lead to purchase (Ijara wa Iqtina, or "rent and acquisition") and usually refers to a leasing contract of property (such as land, plant, office automation, a motor vehicle), which is leased to a client for stream of rental and purchase payments, ending with a transfer of ownership to the lessee, and otherwise ...
In Islamic banking it has become a term for both a marked-up price and deferred payment – a way of financing a good (home, car, business supplies, etc.) whereby the bank buys the good and resells it to the customer at higher price (informing the customer of the price increase), and offering to take payment in installments or in a lump sum. [279]
(For example, one Islamic bank—Al Rayan Bank in the UK—talks about "Fixed Term" deposits or savings accounts). [167] In both these Islamic and conventional accounts the depositor agrees to hold the deposit at the bank for a fixed amount of time. [168] In Islamic banking return is measured as "expected profit rate" rather than interest. [169 ...
Theories of Islamic law: the methodology of Ijtihad. [18] Islamic jurisprudence: usul al fiqh. [19] Islamic law of business organizations (partnerships) [20] Islamic law of business organizations (corporations) [21] The concept of riba and Islamic banking [22] Prohibition of riba elaborated [23] Murabaha and credit sale. [24] The distinguished ...
Challenges in Islamic finance; Islamic banking and finance; Islamic finance products, services and contracts; Islamic International Ratings Agency; Profit and loss sharing; Sharia and securities trading
Pages in category "Islamic banking and finance terminology" The following 18 pages are in this category, out of 18 total. This list may not reflect recent changes. B.
He is best known for being the author of Kitab al-Isharah ila Mahasin at-Tijarah wa Marifat Jayyid al-Aʼrad wa Kadiiha wa Ghush-ush al-Mudallisin fiha (A Guide to the Merits of Commerce and to Recognition of Both Fine and Defective Merchandise and the Swindles of Those Who Deal Dishonestly). Almost nothing is known about al-Dimashqi's life.
Since its inception in 1395H (1975G), the aim of the Islamic Development Bank (IDB) has been to improve the lives of ordinary people across the Islamic world by raising economic standards and increasing prosperity within the member countries of the Organisation of Islamic Cooperation (OIC, formerly the Organisation of the Islamic Conference).
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