Murabaha

From ACT Wiki
Revision as of 15:55, 15 July 2014 by imported>Doug Williamson (Expand to align with The Treasurer, July 2014, p46, Sarah Boyce, The Islamic Alternative.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

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'.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Murabaha&oldid=33319’