Islamic banking

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Islamic banking

A form of ethical investments bound by the precepts of Islam, particularly the prohibition of interest payments.
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This standard covers investment sukuk include sukuk of ownership of leased assets, ownership of usufructs, ownership of services, Murabahah, Salam, Istisna'a, Modaraba, Musharakah, investment agency and sharecropping (Muzara'ah), irrigation (Musaqat) and agricultural (Mugharasah) partnerships.
During the first quarter of this year, the team has been able to maintain a growing portfolio through offering financing products and liability solutions including Wakala, Murabaha, Ijara, Istisna'a and others.
La premiere circulaire va definir les operations de la finance islamique (El Mourabaha, El istisna'a et El Moucharaka), et sera publiee, avant la fin de l'annee en cours, alors que la deuxieme presentant les conditions de l'exercice de la finance islamique, a travers les fenetres, sera publiee durant le premier semestre 2017 ", a-t-elle precise.
The bank has been able to maintain a growing corporate and institutional portfolio, offering several Shariah-compliant financing products and liability solutions including Wakala, Murabaha, Ijara and Istisna'a.
Hence, the istisna'a structure is especially suitable for financing large infrastructure projects.
As interest in Islamic finance grows for global and local businesses, Dubai Chamber of Commerce and Industry in partnership with Allen & Overy LLP hosted a workshop titled 'Structuring Islamic Finance Transactions' to spotlight the history and techniques involved in Ijara, Istisna'a, Musharaka, Mudaraba and Sukuk transactions.
It also took note of their approval of a draft-law on amending Article 5 of Law 57/2006 on establishing the Labour Fund, a draft law on amending Article 6 of Law 19/2006 on organising the Labour Market and ratification of two Istisna'a and Agency Agreement signed between Bahrain and the Islamic Development Bank on preserving the pearl heritage and reviving urban economy in Muharraq.
Istisna'a and Istisna'a Agency Agreement Signing Between the Sultanate Government and IDB
The analysis of application of salam and istisna'a in islamic financial industry.
Sukuk is one of the commonly used Islamic Structures in project finance, classified in various forms such as, among others, istisna'a ijara, wakala ijaras etc Other forms of Islamic Funds include Parallel Islamic Funds, Equity Investment Funds, Real-Estate Funds (REITs), etc.
Stipulations on an Islamic commodity fund include concrete proof of ownership from the seller; and forward sales are generally frowned upon, although there are two types of contract, Istisna'a and Salam, which allow a variation of it.
Summary: Islamic modes of financing like Murabaha, Musharaka, Mudaraba, Ijara, Salam, Istisna'a and other Islamic modes .

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