-
From SDG Academy
| 2 2 playsThere are two types of contracts in Islamic banking and finance, which are sale-based (exchange-based) contracts and investment based (equity-based) contracts.… -
From SDG Academy
| 10 10 playsMudaraba is a form of partnership in profit whereby one party, the fund provider, provides capital, and the other party, the fund manager, provides management skills or… -
From SDG Academy
| 0 0 playsMusharaka is a partnership between two or more parties, whereby all parties share the profit and bear the loss from the partnership. This video is licensed under the CC… -
From SDG Academy
| 2 2 playsFrom an Islamic perspective, human beings are not the real owners of wealth or resources, but their role is that of a trustee, appointed by the creator. Therefore,… -
From SDG Academy
| 2 2 playsFor Islamic finance to provide effective support to the Sustainable Development Goals, it is necessary to establish an enabling environment both at the country level and… -
From SDG Academy
| 0 0 playsWakala is a contract where a party, as principal authorizes another party as his agent to perform a particular task on matters that may be delegated, with or without… -
From SDG Academy
| 2 2 playsIn summary, there are sale-based contracts and investment-based contracts in Islamic finance. The existence of minimum two parties, offer and acceptance,… -
From SDG Academy
| 0 0 playsSalam is a sale whereby the seller undertakes to deliver a certain commodity to the buyer at a future date in exchange of the full financial consideration, the price,… -
From SDG Academy
| 2 2 playsAccording to Shariah, a contract must have some pre-requisites. The first one is the existence of a minimum of two parties. Second, the offer and acceptance, namely the… -
From SDG Academy
| 0 0 playsIslamic banks and conventional banks have different characteristics. One of the distinguished elements is the relationship between the bank and the customer. In an… -
From SDG Academy
| 1 1 playsIstisna is a contract whereby a seller sells an asset which is yet to be constructed, built or manufactured according to agreed specifications and delivered on an agreed… -
From SDG Academy
| 1 1 playsSukuk, is one of the most important Islamic capital market instruments. According to the Shariah Standards published by the Accounting and Auditing Organization for… -
From SDG Academy
| 0 0 playsIjara refers to leasing whereby the ownership of a usufruct of an asset is transferred to another person for a specified period in exchange of a specified consideration… -
From SDG Academy
| 1 1 playsThe key differences between the sukuk and the conventional bonds are related to the nature of issue, asset type, purpose, underlying contract, security, restrictions in…