https://mauricepointner.at/dokuwiki/ 2026-05-06T07:43:08+00:00 https://mauricepointner.at/dokuwiki/ https://mauricepointner.at/dokuwiki/lib/exe/fetch.php?media=favicon.ico text/html 2025-01-27T20:06:52+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:islamic_finance:ijarah&rev=1738008412&do=diff Ijarah * Leasing i) In Ijara/leasing, the corpus of leased commodity remains in the ownership of the lessor and only its usufruct is transferred to the lessee. Any thing which cannot be used without consuming the same cannot be leased out like money, edibles, fuel, etc. Only such assets which are owned by the lessor can be leased out except that a sub-lease is effected by the lessee with the express permission of the lessor. text/html 2025-01-27T20:06:52+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:islamic_finance:istisna&rev=1738008412&do=diff Istisna i) Istisna‘a is an exceptional mode of sale, at an agreed price, whereby the buyer places an order to manufacture, assemble or construct, or cause so to do anything to be delivered at a future date. ii) The commodity must be known and specified to the extent of removing any ambiguity regarding its specifications including kind, type, quality and quantity. text/html 2025-01-27T20:06:52+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:islamic_finance:mudaraba&rev=1738008412&do=diff Mudaraba i) Mudaraba means an arrangement in which a person participates with his money and another with his efforts and shall include banks, unit trusts, mutual funds or any other institutions or persons by whatever name called. ii) A Mudarib who runs the business can be a natural person, a group of persons, or a legal entity and a corporate body. text/html 2025-01-27T20:06:52+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:islamic_finance:musawamah&rev=1738008412&do=diff Musawamah Musawamah is a general kind of sale in which price of the commodity to be traded is stipulated between seller and the buyer without any reference to the price paid or cost incurred by the former. Thus it is different from Murabaha in respect of pricing formula. Unlike text/html 2025-01-27T20:06:52+00:00 Anonymous (anonymous@undisclosed.example.com) https://mauricepointner.at/dokuwiki/doku.php?id=0_public:finance_and_economic_models:islamic_finance:musharaka&rev=1738008412&do=diff Musharaka i) Musharaka means relationship established under a contract by the mutual consent of the parities for sharing of profits and losses arising from a joint enterprise or venture. ii) Investments come from all partners/shareholders hereinafter referred to as partners.