Author: Dr. Maulana Ejaz Ahmad Samadani
Publisher: Darul Ishaat (2008)
Pages: 103 Binding: Hardcover
Description from the publisher:
A valuable treatise on a mode of Islamic Financing known as Murabaha. The author has compiled the book in a lucid and easy to understand language and has explained all technical and practical aspects relating to Murabaha.
A valuable treasure for all those interested in the subject.
The author, Mawlana Ejaz Ahmad Samadani has written a number of works on Islamic Banking. His dissertation on the topic of Islamic Banking and Gharar (uncertainty) earned him a Ph.D from the University of Karachi.
Murabaha - Sale at stated cost price and mark-up. This refers to an agreement, where the seller purchases a good/commodity that has been requested by the buyer, and sells it at a mark-up price. The payment can be paid in agreed installments, lump sum or a combination of the two. Murabaha contracts are used to purchase cars, homes but most commonly to issue letters of credit and to provide financing to import trade.