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About: Murabaha     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatFinancialServices, within Data Space : dbpedia.org associated with source document(s)

Type: Thingyago:Abstraction100002137yago:Act100030358yago:Activity100407535yago:Event100029378yago:Market101097292yago:PsychologicalFeature100023100yago:Work100575741yago:YagoPermanentlyLocatedEntityyago:Service100577525yago:WikicatFinancialMarketsyago:WikicatFinancialServices New Facet based on Instances of this Class

Murabaḥah, murabaḥa, or murâbaḥah (Arabic: مرابحة, derived from ribh Arabic: ربح, meaning profit) was originally a term of fiqh (Islamic jurisprudence) for a sales contract where the buyer and seller agree on the markup (profit) or "cost-plus" price for the item(s) being sold. In recent decades it has become a term for a very common form of Islamic (i.e., "shariah compliant") financing, where the price is marked up in exchange for allowing the buyer to pay over time—for example with monthly payments (a contract with deferred payment being known as bai-muajjal). Murabaha financing is similar to a rent-to-own arrangement in the non-Muslim world, with the intermediary (e.g., the lending bank) retaining ownership of the item being sold until the loan is paid in full. There are also Islamic inv