Nov 12, 2024
From the earliest times, people have engaged in the exchange of various commodities through different forms of trade and sale. There are two main types of sales: spot sales and def
Nov 08, 2024
A mortgage is one of the most common financing needs for the average person or household, as home prices usually fall far ahead of the average disposable income. It should then com
Oct 15, 2024
Musawamah is a type of sales contract used in Islamic finance used for trading in goods, assets and commodities, as well as a form of financing of these goods.
It shares many
Oct 12, 2024
Due to the variety of wakalah agreements – Shariah-compliant agency contracts where one party has the authority to act or represent another – these contracts can be bro
Oct 10, 2024
In a previous entry, we saw how wakalah agreements – a Shariah-compliant agency contract where one party has the authority to act or represent another – can be broadly
Oct 10, 2024
One of the most common types of contractual relationships in the Islamic world is wakalah. Derived from the Arabic word to act, protect or remedy on behalf of someone else, it i
Oct 07, 2024
Salam contracts are used to purchase a good or products – with delivery at a later date – by locking in a price today.
By that very narrow definition, salam contra
Sep 28, 2024
On the face of it, it can seem that Musharakah contracts aren’t that different from conventional partnership agreements in any business, with the sole limitations being on th
Sep 26, 2024
As with all things business and finance, Musharakahs contains advantages and disadvantages, with the determining factor being the needs and goals of the investor. Analyzing the str