Bai-salam Bai-salam defined as a contract or agreement with a buyer and seller in which the seller is sold in advance the certain commodity (ies)/ products(s) permissible under Shairah and law of land to the buyer as per terms and […]

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Islamic Banking Modes

Islamic Banking Modes Islamic banks do not directly deal in money. They run business with money. The funds of Islamic banks are mainly invested in the following modes: 1)            Mudaraba; 2)            Musharaka; 3)            Bai-Murabaha (Murabaha to the purchase orders); 4)            Bai-Muajjal; […]

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