Bai Murabaha The term ‘Bai-Murabaha’ has been derived from Arabic words ﻊﻴﺒ and ﺢﺑﺭ (Bai’un and Ribhun). The word ﻊﻴﺒ means purchase and sale and the word ﺢﺑﺭ means an agreed upon profit. ﺍﻠﻤﺮﺍﺒﺢ ﻊﻴﺒ ‘Bai-Murabaha’ means sale on agreed upon profit. Bai-Murabaha may be defined as a contract between […]
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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 mechanism. A good number […]
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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 […]
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