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Simplified Business Studies

Islamic Mutual Fund

A mutual fund is a financial intermediary that permits a group of investors to pool money with a predetermined investment objective.  The...
5 years ago 0

Wakala

Wakala (Contract of an Agency) refers to a contract where a Principal/Client ( Muwakkil) empowers an agent (or wakeel) to do a financial ...
5 years ago 1

Istisna

‘Istisna’’ is the second kind of sale where a commodity is transacted before it comes into existence. Istisna is a contract of exchange...
5 years ago 0

Bai Salam

It is one of the basic conditions for the validity of a sale in Shari‘ah that the commodity must be in the physical possession of the sel...
5 years ago 4

Ijarah (Leasing)

Ijarah, (Arabic: الإجارة ‎ ) a term of fiqh (Islamic jurisprudence, is referred to a contract for the hiring of persons or renting of th...
5 years ago 0

Murabaha

Murabaha which is also know as cost-plus financing, is an Islamic financing structure in which the seller and buyer agree on the markup ...
5 years ago 0
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