Murabaha: Difference between revisions
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imported>Doug Williamson (Expand to align with The Treasurer, July 2014, p46, Sarah Boyce, The Islamic Alternative.) |
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Revision as of 15:55, 15 July 2014
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'.
