Modes of financing                                                                                                     

Murabaha:

 It is contract of sale in which the seller declares his cost and the profit .

 

Musharaka:

 Musharaka means relationship established under contract by the mutual consent of the parties for sharing of profits and losses in the joint business  .

 

Mudaraba:

 Aform of partnership where one party provides the funds while the other provides expertise and management .

 

Mugawala:

 Is a contract in which a party undertakes to produce specific thing which is possible to be made according to a certain agreed upon specifications at determined price and for fixed date of delivery .

 

Salam:

 Salam means a contract in which advance payment is made for goods to be delivered later on

 

 

 


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