Murabaha and Mutual: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Expand to align with The Treasurer, July 2014, p46, Sarah Boyce, The Islamic Alternative.)
 
imported>Doug Williamson
(Add link.)
 
Line 1: Line 1:
''Islamic finance''
An organisation owned and controlled by its customers, although day to day management will often be undertaken by professional managers, especially in larger mutuals.


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.
Building societies are mutual organisations.




Murabaha is sometimes known as 'cost plus financing'.
==See also==
 
*[[Building society]]
 
*[[Mutual fund]]
 
*[[Shareholder]]
== See also ==
* [[Islamic finance]]
* [[Sukuk]]

Revision as of 12:34, 13 August 2016

An organisation owned and controlled by its customers, although day to day management will often be undertaken by professional managers, especially in larger mutuals.

Building societies are mutual organisations.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Murabaha&oldid=33327’