Commodity Musawamah definition
Commodity Musawamah means the Shariah principle where a party is not obligated to disclose the price paid to create or obtain the good or service i.e. the cost price.
Examples of Commodity Musawamah in a sentence
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.