Islamic Contract of Sale

ASSIGNMENT FOR FIN 4870 style: Basic contract in Muslim Banking - incur of Sale, bring forth 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( ) shibah Hemma (DL0820290) Zafarin stash away Idros (DL0827633) (March 2011) CONTENTS expand PAGE A) INTRODUCTION3 - 6 B) thrust OF SALE6 - 17 I)Equity Related dick: 1.Musharakah ( utility 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 peak Deposits25 IV)Saving Account Deposit29 V)magazine Deposit30 E) CONCLUSION 31 - 33 A)INTRODUCTION Muslim banking is a banking natural act which is consistent with the Islamic rectitude (Shariah). Islamic banking is carried out in accordance with the rules of Shariah, known as fiqh muamalat (Islamic rules on transactions). It does not arrest the paying and receiving of riba (interest) and promotes greater academic degree of fairness and equity in the conduct of banking business. The first Islamic bank was established in Malaysia in 1983. In 1993, commercialized banks, merchant banks and finance companies were allowed to tenderize Islamic banking...If you want to astound a full essay, bon gross ton it on our website: Ordercustompaper.com

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