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.

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

Examples of Murabaha in a sentence

• A Murabaha Margin will be charged to the Account at the rate specified in Annex “A” for the portion of the Current Balance on the Account that is not paid by the Payment Due Date and in respect of which a Tawarruq Transaction is effected as set out in this Clause 6.

• The Tawarruq Transactions Agent shall purchase the Commodities on the Company/Cardmember’s behalf at a price approximately equal to the unpaid Current Balance with the addition of a profit margin calculated using the Murabaha Margin.

• The said Receipt shall be substantially in a form given in Murabaha Document # 4.

• Broker" means, in respect of any Murabaha Sale entered into pursuant to the terms of this DFT Terms Agreement, the person (if any) acting as a broker for the Seller or Buyer, as the case may be, as specified in this DFT Terms confirmation.

• A transaction in which the appointed Tawarruq Transactions Agent purchases commodities from Us and re-sells them for the Account on a Murabaha basis; the proceeds of such transaction is used to pay for the purchases made with the Card in an amount equal to the Current balance on the Card on the Payment Due Date.

More Definitions of Murabaha

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

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 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 sharia arrangement between— 20

Murabaha means the sale of a commodity at a price equal to the price paid by the seller upon its purchase, plus an agreed upon profit margin of a percentage of the price or at a lump sum, be it a standard Murabaha executed without a prior promise, or a bank Murabaha executed based on a Murabaha to the Purchase Orderer (MPO) who wishes to obtain the commodity through a financial institution;