Murabahah definition

Murabahah 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.

Murabahah means a contract of sale based on cost plus where the acquisition cost and the seller’s profit margin are disclosed to the buyer at the time of the contract. The settlement of the price is normally made on deferred payment basis.

Murabahah refers to a sale and purchase of an asset or commodity where the acquisition cost and the xxxx-up are disclosed to the purchaser;

Examples of Murabahah in a sentence

• The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) on the next Trading Day.

• In this Murabahah Sale Contract unless otherwise stated, all the terms and references shall bear the same meaning as designated to them in the Facility Agreement and the Letter of Offer.

• The Customer shall take physical possession of the Commodity after the perfection of the Murabahah Sale Contract.

• In view that the Customer opt to take physical possession of the Commodity, Clause 2(f) of the Murabahah Sale Contract are applies.

• The Customer will then give an undertaking to purchase an identified commodity from the Bank at the Bank’s Selling Price(s) which will be stated in the relevant Murabahah Sale Contract.

More Definitions of Murabahah

Murabahah means sale contract with a disclosure of the cost price and profit margin to the Customer.

Murabahah means a contract that refers to the sale and purchase transaction for the financing of an asset whereby the cost and profit margin (mark-up) are made known and agreed by all parties involved.

Murabahah means a sale and purchase of a Commodity where the acquisition/purchase cost and the mark-up are disclosed to the purchaser.

Murabahah. A sale and purchase of a commodity where the acquisition cost and the mark-up are disclosed to the purchaser.

Murabahah. Sale of goods at a price, which includes a profit margin as agreed to by both the Bank and the Customer.

Murabahah means a sale and purchase of an asset where the acquisition cost and the mark-up are disclosed to the purchaser.

Murabahah means a sale contract with a disclosure of the asset cost price and profit margin to the buyer.