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Archives for September 2016

Modes of Islamic Finance: ISTISNA

Introduction Istisna’ is a sale transaction where an item is transacted before it comes into existence. It is an order to a manufacturer/contractor to manufacture/construct a specific commodity/asset for the purchaser (borrower). The manufacturer uses his own material to manufacture the…

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Mudarabah financing is a kind of partnership where one partner contributes money (i.e. the financier) to another (entrepreneur, who contributes his expertise, skill, knowledge, labour, idea), for investing in a commercial enterprise. The investment comes from the first partner who…

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