Islamic Contract of Sale

ASSIGNMENT FOR FIN 4870 Title: Basic contract in Moslem Banking - extort of Sale, Contract of pull in share, Contract of Deposit. subscriber NAME: DR HASLINDAR BINTI IBRAHIM BY MUSHARAKAH GROUP: Noor FarahHaiza bt Mohd Amin (DL0823552) Rozana bt Ismail (DL0826512) Tam Kong Fu( ) shivah Hemma (DL0820290) Zafarin stash away Idros (DL0827633) (March 2011) CONTENTS DETAILS PAGE A) INTRODUCTION3 - 6 B) CONTRACT OF SALE6 - 17 I)Equity Related Instrument: 1.Musharakah ( derive and Loss Sharing Partnership)8 2.Mudarabah (trust financing)8 3.Bay Al-Sarf is a contract of exchange of bullion for money9 II)Debt-Related Instruments 1.Murabahah (cost-plus financing)11 2.Salam (Spot Sale with proximo delivery)12 3.Istisnaa (Commissioned Manufacture)13 4.Qard Al Hassan (Interst free loan)14 5.Ijara (cost-plus leasing)14 6.

Al Jualah17 C) CONTRACT OF salary SHARING 18 - 21 I)Musharakah (Joint Venture Profit Sharing)18 II)Mudharabah (Trustee Profit Sharing)20 D) CONTRACT OF DEPOSIT 21 - 30 I)Musharakah and Mudarabah As Modes of funding21 II)Deposits23 III)Current accountancy Deposits25 IV)Saving Account Deposit29 V)magazine Deposit30 E) CONCLUSION 31 - 33 A)INTRODUCTION Islamic curseing is a banking natural action which is consistent with the Islamic law (Shariah). Islamic banking is carried out in accordance with the rules of Shariah, known as fiqh muamalat (Islamic rules on transactions). It does not book the paying and receiving of riba (interest) and promotes greater deg ree of fair play and equity in the conduct ! of banking business. The first Islamic bank was established in Malaysia in 1983. In 1993, commercial banks, merchandiser banks and finance companies were allowed to tenderize Islamic banking...If you want to get a full essay, bon ton it on our website: OrderEssay.net

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