* Islamic banks may carry out financing and joint investment operations by way of mudarabah partnership, musharakah joint venture or by decreasing participation, murabahah purchasing on a cost-plus financing arrangement, lease (ijara) arrangements, construction and manufacture (istisna'a
) arrangements and other Shari'ah compliant projects or through the use of funds whose owners desire to invest jointly with other resources available to the Islamic bank on a joint mudarabah basis in accordance with the foregoing arrangements, contracts and structures;
We look forward to building a strategic financing partnership with Edamah, and continue to support the development process through the provision of Shari'ah-compliant Islamic finance products such as Murabaha, Ijarah, Istisna'a
, to name a few.
According to KFH-Bahrain's head of corporate banking group Mahmood Al Mahmood the bank will support the development process through the provision of Islamic finance products such as Murabaha, Ijarah and Istisna'a
According to AAOIFI Shari'ah standard number 44 on Liquidity Management, an Islamic bank can make inter-bank transactions on the basis of Mudarabah, Wakalat-ul-Istismar, Salam, Istisna'a
, and Tawarruq.
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
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
. On the private banking and wealth management front, QFB said it has increased its business, expanded its services across major cities in the region, solidified relationships with existing clients, and generated fee income from high net worth individuals and private family offices.
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.
Agency Agreement Signing Between the Sultanate Government and IDB