Murabaha definition

Murabaha means a sale on mutually agreed profit. Technically it is a contract of sale in which the seller declares his cost and profit. As a financing technique, it involves a request by the client to the financier to purchase certain item for him, which is then sold to the client at a mutually agreed price.

Murabaha means a sharia arrangement between a financier and a client of that financier, one of which is a bank or a listed company, whereby—’’; 25

Murabaha means Shari’a compliant cost‐plus financing contract. “OECD” means Organisation for Economic Cooperation and Development.

Examples of Murabaha in a sentence

• The consolidated financial statements include the Company’s share of the profit or loss and other comprehensive income of equity-accounted investees, after adjustments to align the accounting policies with those of the Company, from the date that significant influence commences until the date that it ceases.Until January 5, 2011, the Company held 60% of the outstanding common shares of Seaboard Shipping Company Ltd.

• The Murabaha installment amount due and payable and the utilized amount payable by the Cardholder shall be the amount (if any) shown on the relevant Card Statement.

• For the duration of the validity of the Card, the Cardholder is required to make a monthly payment under the terms of the Murabaha Contract (if any) or the Card Account Application.

• If the Assignee/Financier is the Successful Purchaser, the Assignee/Financier is at liberty to set off the reserve price against the amount due and owing under the Murabaha Facility Agreement/Ijarah Agreement/Deed of Assignment/Property Sale Agreement on the date of sale, together with all costs and expenses of the sale and all other costs and expenses whatsoever in relation to this matter.

• In determining the E of a Binding Murabaha for the Purchase Orderer (MPO), as per PIB Rule A4.6.5, E should equal the total acquisition cost of the asset (purchase price and other direct costs) less market value of the asset (net of any haircut) less any security deposit provided.

More Definitions of Murabaha

Murabaha means a sharia arrangement between—

Murabaha means a sharia arrangement between a financier and a client of that financier, one of which is a bank, whereby—

Murabaha means a sharia arrangement between— 20

Murabaha means Shari’a compliant cost-plus financing contract. “OECD” means Organisation for Economic Cooperation and Development.

Murabaha means the sale and purchase of an asset where the acquisition cost and markup / profit is disclosed to the customer; “Acceptance” means an Acceptance Letter or any other means of valid acceptance of the Offer by Tas’heel;

Murabaha means a mutually agreed contract of sale in which the seller declares his cost and the profit.

Murabaha means the sale and purchase of an asset where the acquisition cost and markup / profit is disclosed to the Client.