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

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.

Examples of Murabahah in a sentence

• Subsequently, the commodities will be sold to the Bank at cost plus profit (Murabahah) on deferred payment.

• The Facility is in accordance with Shariah contract of Commodity Murabahah via Tawarruq arrangement and Wakalah where the Customer will appoint the Bank as its sole and exclusive agent to deal with the Specified Commodity as an underlying transaction as agreed.

• Kemudahan ini sesuai dengan kontrak Syariah Komoditi Murabahah melalui pengaturan Tawarruq dan Wakalah, di mana Pelanggan akan melantik Bank sebagai ejen tunggal dan eksklusifnya untuk menangani Komoditi yang Ditentukan sebagai transaksi yang mendasari sebagaimana yang dipersetujui.

• The existence of goods is compulsory in a murabahah contract; it is in line with the fatwa of NSC-MUI No. 04/DSN-MUI/IV/2000 concerning Murabahah.

• One-tier mudarabah- Musharakah financing (PLS)- Murabahah (mark-up)- Ijarah (mark-up)- Salam (mark-up)- Al-Istisna (mark-up)Qard al-Hasanah (benevolent loans) On the asset side, the bank acts as an investor in numerous public and private projects.

More Definitions of Murabahah

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

Murabahah means a sale and purchase of a Commodity where the acquisition/purchase 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. Refers to a sale and purchase of the Commodity where the acquisition cost and the xxxx-up are disclosed to the Customer (as the purchaser). “Murabahah Sale Contract” Murabahah sale contract to be entered between the Customer (as represented by the Bank) and the Bank in relation to the Tawarruq.

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.