Islamic Banking- Bai Mechanism Islamic Banking- Bai Mechanism: Bai Mechanism Bai means purchase and sale of goods in cash or on credit or in advance at an agreed upon profit, which may or may not be disclosed to the client. Majority of investments of Islamic banks are extended through this […]
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7 Steps in the Development of Islamic Economic Science
7 Steps in the Development of Islamic Economic Science In my view, there are at least seven steps in the formulation and development of Islamic economic science. They are interlinked with each other. The first step is to identify an economic problem or an issue. It is to be followed […]
Read moreHire Purchase Musharaka Mutanaqasa (HPMM)
Hire Purchase Musharaka Mutanaqasa (HPMM) Hire Purchase Musharaka Mutanaqasa (HPMM) Introduction, Theory and Application Mode of Investment in Islamic Banking Markup Based Bai Muazzal Bai Murabaha Bai Salam Bai Istisna Rental Based Izara Hire Purchase/Izara Bill Baia Hire Purchase Musharaka Mutanaqasa (HPMM) Hire Purchase Shirkatul Melk (HPSM) Sharing Based Mudaraba […]
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