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);
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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
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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.
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Examples of Commodity Murabahah in a sentence

  • Repayment of RM22.5 million Commodity Murabahah Term Financing-i.

  • Commodity Murabahah Programme (CMP): An innovative approach to liquidity management, Journal of Islamic Economics, Banking and Finance.

  • Subject to Section 1.01 above, MDV shall make available the Facility to the Customer in accordance with the Commodity Murabahah transaction as set out in Section 4.02 of this Agreement and upon the terms and conditions contained herein.

  • Sanrego, “The Application of Commodity Murabahah in Bursa Suq Sila’ Malaysia vis-a-vis Jakarta Future Exchange Sharī’ah Indonesia: A Comparative Study.” ISRA Research Paper, No. 49 (2013), 5.

  • Subject to the terms of this Agreement, MDV shall, upon receipt of the Utilisation Notice from the Customer and completion of the Commodity Murabahah transaction, remit the sale proceeds, which xxxx be an amount equivalent to the Facility amount, into a disbursement account and/or any such other designated account(s) acceptable to MDV.


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.
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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.
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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.
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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 forward contract, commodity swap, commodity option or other financial agreement or arrangement relating to, or the value of which is dependent upon, 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 intermediary means a person that:

  • Commodity means any material, article, supply, goods, or equipment.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Commodity Exchange Act means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

  • Agricultural commodity means all agricultural, aquacultural, silvicultural, horticultural, floricultural, or viticultural products, livestock or livestock products, Christmas trees, bees, maple syrup, honey, commercial fish or fish products, and seeds produced in this state, either in their natural state or as processed by the producer of the commodity. The kinds, types, and subtypes of products to be classed together as an agricultural commodity for the purposes of this act shall be determined on the basis of common usage and practice.

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

  • Commodity Broker means any person who engages in the business of effecting transactions in Commodity Contracts for the account of others or for his or her own account.