Murabaha: Difference between revisions
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''Islamic finance''. | ''Islamic finance''. | ||
Murabaha is a | Murabaha is a Sharia-compliant financing arrangement under which a bank buys an asset and sells it on to the customer at an agreed mark-up. | ||
The customer, who could not otherwise afford to buy the asset, pays in instalments. | |||
Latest revision as of 16:20, 29 June 2021
Islamic finance.
Murabaha is a Sharia-compliant financing arrangement under which a bank buys an asset and sells it on to the customer at an agreed mark-up.
The customer, who could not otherwise afford to buy the asset, pays in instalments.
Murabaha is sometimes known as 'cost plus financing'.
