The customer requests an Islamic bank to buy goods from a certain supplier. After buying and owning the goods, the bank sells the goods to the customer for a cost-plus-profit amount on a deferred-payment basis.
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In this section the definition and product features of Islamic Bank Guarantee is presented. –>
This course introduces users to the basic concepts, principles and practices of Islamic banking and finance in an informative and appealing manner.
This lesson introduces the concept of a contract in Islam and the different types of Islamic finance structures along with the ideas of origin, legitimacy, mechanisms, relevant examples and applications.
This course introduces users to the basic concepts, principles and practices of Islamic banking and finance in an informative and appealing manner.
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