Title:
Basic contract in Islamic Banking -
Contract of Sale, Contract of pull in Sharing, Contract of Deposit.
subscriber NAME:
DR HASLINDAR BINTI IBRAHIM
BY MUSHARAKAH GROUP:
Noor FarahHaiza bt Mohd Amin (DL0823552)
Rozana bt Ismail (DL0826512)
Tam Kong Fu( )
Siva Hemma (DL0820290)
Zafarin stash away Idros (DL0827633)
(March 2011)
CONTENTS
DETAILS PAGE
A) INTRODUCTION3 - 6
B) CONTRACT OF SALE6 - 17
I)Equity Related Instrument:
1.Musharakah (Profit and Loss Sharing Partnership)8
2.Mudarabah (trust financing)8
3.Bay Al-Sarf is a contract of exchange of bullion for money9
II)Debt-Related Instruments
1.Murabahah (cost-plus financing)11
2.Salam (Spot Sale with future delivery)12
3.Istisnaa (Commissioned Manufacture)13
4.Qard Al Hassan (Interst free loan)14
5.Ijara (cost-plus leasing)14
6.
Al Jualah17
C) CONTRACT OF PROFIT SHARING 18 - 21
I)Musharakah (Joint Venture Profit Sharing)18
II)Mudharabah (Trustee Profit Sharing)20
D) CONTRACT OF DEPOSIT 21 - 30
I)Musharakah and Mudarabah As Modes of funding21
II)Deposits23
III)Current Account Deposits25
IV)Saving Account Deposit29
V)magazine Deposit30
E) CONCLUSION 31 - 33
A)INTRODUCTION
Islamic banking is a banking natural action which is consistent with the Islamic law (Shariah). Islamic banking is carried out in accordance with the rules of Shariah, known as fiqh muamalat (Islamic rules on transactions). It does not book the paying and receiving of riba (interest) and promotes greater degree of fairness and equity in the conduct of banking business. The first Islamic bank was established in Malaysia in 1983. In 1993, commercial banks, merchant banks and finance companies were allowed to tenderize Islamic banking...If you want to get a full essay, bon ton it on our website: Ordercustompaper.com
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