From last few years, sukuk is leading in the global capital market and currently it is the substantially growing Islamic financial instrument. As sukuk, is the Shariah-compliant bond that defies the factor of riba (interest) and satisfied the Islamic law i.e. sukuk is the form of collateral (asset) based bond in which the sukuk investors proceeds are used to buy the project related assets from which the certain portion of ownership is provided to the sukuk holders as per the ratio of their investment and the return generated from that portion of the asset is rewarded to the sukuk investors…
Author: Neha Essani
The comparison battle between Islamic banking products and conventional banking products are continuing from decades. And from last few years, it’s become a hot topic of concern for the people who are utilizing the services of the two. Consequently, for the popular Islamic financing product Murabaha, many people hold a doubt that it is not according to the actual Shariah laws. As Murabaha can be defined as a cost plus profit base working capital financing that is originally more like sales contract between client and Islamic bank. But in this contract bank fully reveal the cost incurred and profit margin…