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.

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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 ▇▇▇▇-up are disclosed to the purchaser;

Examples of Murabahah in a sentence

The Customer consents to the Bank utilising any part of the deposit placed for investment purposes before the execution of Commodity Murabahah Transactions.
The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) on the next Trading Day.
Commodity Murabahah Transactions The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) to place the deposit.
The Customer agrees that: • profit shall be paid on maturity of the deposit; and • deposits may not be withdrawn before the maturity date and if exceptionally allowed, no profit is payable on the deposits and the Customer agrees that the Bank shall be entitled for a rebate equivalent to: • For deposits held 3 months and below: profit from the Murabahah Sale Price; or • For deposits held above 3 months: half of the profit for the completed months plus the profit for the uncompleted months.
The Customer acknowledges that the Customer shall have the option not to appoint the Bank as an Agent where the Customer shall call at the Bank’s office on the day of transaction and shall execute the Murabahah Sale Contract personally with the Bank.

More Definitions of Murabahah

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

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

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

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 asset where the acquisition cost and the mark-up are disclosed to the Customer; Notice of Extension a notice for the extension of due payment for the STRC-i Facility Amount utilised in the form as set out in the Letter of Offer duly completed and signed by or on behalf of the Customer; Notice of Utilisation a notice of utilisation of the STRC-i Facility substantially in the form as set out in the Letter of Offer duly completed and signed by or on behalf of the Customer; Onshore Foreign Currency facility, Financing-i or OFCF-i Facility means the onshore foreign currency financing the principal terms of which are set out in Clause 2.15; COMBO MFA/All-Monies/June 2020 7 PFX-i Facility means the Promissory Foreign Exchange-i Facility the principal terms of which are set out in Clause 2.14;

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

Murabahah means an Agreement of sale of the motor vehicle in accordance with the Islamic principle of “Murabahah” whereby by the ownership of the motor vehicle in accordance with the Islamic principle of “Murabahah” whereby by the ownership of the motor vehicle shall be transferred to the Purchaser in accordance with Clauses 1 & 5 hereof and the payment of the Purchase Price shall be payable by monthly installments as stated herein.