Commodity Murabahah definition

Commodity Murabahah means an Islamic transaction based on the Shariah principles of Murabahah (i.e. cost plus profit sale) and Tawarruq (i.e. tripartite sale);
View Source
Commodity Murabahah means the Syariah concept of cost plus sale where it involves the Customer purchasing commodity from the Bank at the cost plus profit and then selling it at cost price for the purpose of obtaining cash. The customer will make payment for the purchase of commodity on deferred terms
View Source
Commodity Murabahah means the Syariah concept of cost plus sale where it involves the Customer buying a commodity and then selling it at cost plus profit. You will receive the proceeds of your sale in cash on deferred terms.
View Source

Examples of Commodity Murabahah in a sentence

  • The Customer consents to the Bank utilising any part of the deposit placed for investment purposes before the execution of Commodity Murabahah Transactions.

  • Commodity Murabahah Transactions The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) to place the deposit.

  • The Facility is made available to you by the Bank based on the Shariah concept of the Commodity Murabahah.

  • Any payment of premiums equivalent, settlement of exercised options or early termination of the FXOP-i Transaction by Party A or Party B may be effected by way of Commodity Murabahah or Commodity Musawamah.

  • Unless otherwise agreed in writing by the Parties, the Parties agree to enter into a Commodity Murabahah / Commodity Musawamah transaction and the sale price under the Commodity Murabahah / Commodity Musawamah transaction shall be equivalent to the payment of Premium related to an FXOP-I Transaction to be paid on its Premium Payment Date.

  • The Customer(s) agrees that HLISB shall act only as the Agent of the Customer(s) for the Commodity Murabahah transactions.

  • This sale by Public Auction is made by RHB ISLAMIC BANK BERHAD (“the Assignee”) in exercise of the rights, powers and remedies conferred upon the Assignee pursuant to the Commodity Murabahah Facility Agreement and Deed of Assignment (First Party) both dated 20th Day Of March, 2018 executed by ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ (“the Assignor/Customer”) in favour of the Assignee and is made subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property.

  • For the purpose of Commodity Murabahah Transaction, the Customer(s) has agreed to appoint HLISB as the Agent for the purchase and sale of the Commodity in accordance with these Terms and Conditions.

  • At the request of the Customer, the Bank has agreed to grant the Commodity Murabahah Home Financing-i/Term Financing-i facility under the Shariah contracts of Murabahah (cost plus), Tawarruq/Commodity Murabahah (monetization) and Wakalah (agency), in the maximum aggregate amount as set out in the Letter of Offer (hereinafter referred to as “Facility Amount”) in favour of the Customer subject to the terms and conditions herein contained.

  • In the event the Assignee becoming the Purchaser, the Assignee is at liberty to set off the purchase price against the amount due and owing under the said Commodity Murabahah Facility Agreement (Commodity Murabahah Term Financing-i for Home/Property) and Deed of Assignment (1st Party) both dated 25th day of June, 2018 on the date of sale, plus the costs and expenses of the sale and all other costs and expenses whatsoever in connection with this matter.


More Definitions of Commodity Murabahah

Commodity Murabahah means sale and purchase transaction for the financing of the Commodity based on deferred payment basis by way of Murabahah in accordance with the terms and conditions contained in the Commodity Transaction Documents.
View Source
Commodity Murabahah means the Shariah principle that refers to the sale of Commodities transaction, where the price consists of the Commodity Cost and a profit margin made known and agreed by all parties involved.
View Source
Commodity Murabahah means a sale contract in respect of an asset/commodity with a disclosure of the asset cost price and profit margin to the buyer.
View Source

Related to Commodity Murabahah

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Agreement means any commodity futures contract, commodity swap, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of commodities or to otherwise manage commodity prices or the risk of fluctuations in commodity prices.

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.

  • Commodity Interests means commodity futures contracts, options on commodity futures contracts, and options on physical commodities traded on or subject to the rules of: