<ul><li>Islamic Banking   </li></ul><ul><li>Presented by :  </li></ul><ul><li>  Zubair Mughal </li></ul><ul><li>CEO – AlHu...
Musharakah <ul><li>Characteristics </li></ul><ul><ul><li>All parties share in the capital </li></ul></ul><ul><ul><li>All p...
MUSHARAKAH PARTNER A PARTNER B VENTURE Rs.1000 Rs.1000 PROFIT  Rs. 100 LOSS Rs.100 Rs. 60 Rs. 40 Rs. 50 Rs. 50 May be in a...
Mudarabah <ul><li>One partner (Rab al Mal) contributes capital and the other (Mudarib) contributes his skills or services ...
MUDARABAH RABBUL MAL MUDARIB VENTURE SERVICES CAPITAL PROFIT LOSS 40 % 60 % LOSS OF SERVICES  ALL MONETORY LOSS
Basic Rules of Bai <ul><li>Unconditional basis </li></ul><ul><li>Product have value/Price. </li></ul><ul><li>Bai on Such p...
Basic Rules of Bai <ul><li>Existence of Product/Commodity </li></ul><ul><li>Ownership of Product/Commodity </li></ul><ul><...
Basic Rules of Bai <ul><li>Product Must be Identify, clear with all demanding Qualities. </li></ul><ul><li>Not based on an...
Bai (Buying & Selling) <ul><li>Basic Kinds of Bai </li></ul>
Kinds of Bai <ul><li>Bai Musawamah </li></ul><ul><li>Bai Murabaha </li></ul><ul><li>Bai Surf  </li></ul><ul><li>Bai Salam ...
Basic Kinds of Bai <ul><li>Bai Eenna </li></ul><ul><li>Bai Touliya </li></ul><ul><li>Bai Wadhia </li></ul>
Bai  <ul><li>There are three basic type of Bai’s which are using in Islamic Banking as the mode of financing in Pakistan <...
Murabahah <ul><li>Basically, it’s not a mode of financing but a source to avoid interest Dealing </li></ul><ul><li>It’s no...
Murabahah <ul><li>Sharing of Risk of loss differentiate Murabahah from the interest category </li></ul><ul><li>Product Mus...
Bai <ul><li>Important Note </li></ul><ul><li>Following 3 Basic Rules of Bai are exceptional for Salam & Istisna’ </li></ul...
Salam <ul><li>Pay 100% amount in Advance. </li></ul><ul><li>Product must be quantified, identified and Measured with quali...
Istisna’ <ul><li>Not necessary to pay the 100% amount in advance Like Bai salam. </li></ul><ul><li>Price must be decided o...
Bai <ul><li>Differences Between Istisna and Salam </li></ul>
Differences Between Istisna and Salam <ul><li>Istisna deal with manufacturing items, but Salam could or could not be manuf...
Differences Between Istisna and Salam <ul><li>Date, time of delivery the necessary part of Bai Salam, But in Istisna, it i...
Type of Bai according to Quality <ul><li>Bai Salah </li></ul><ul><li>Bai Fasid </li></ul><ul><li>Bai Batil </li></ul><ul><...
Type of Bai according to Quality <ul><li>Bai Majool </li></ul><ul><li>Bai Muqayaddah </li></ul><ul><li>Bai Mu’ajal </li></ul>
<ul><li>Thank you </li></ul>
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Bai ( buying & selling ) by zubair mughal

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Bai ( buying & selling ) by zubair mughal

  1. 2. <ul><li>Islamic Banking </li></ul><ul><li>Presented by : </li></ul><ul><li> Zubair Mughal </li></ul><ul><li>CEO – AlHuda: Centre of Islamic Banking & Economics </li></ul>
  2. 3. Musharakah <ul><li>Characteristics </li></ul><ul><ul><li>All parties share in the capital </li></ul></ul><ul><ul><li>All parties share profits as well as losses </li></ul></ul><ul><ul><li>Profits are distributed as per agreed ratio </li></ul></ul><ul><ul><li>Loss is borne by the parties as per capital ratio </li></ul></ul><ul><ul><li>Every partner is agent of other </li></ul></ul>
  3. 4. MUSHARAKAH PARTNER A PARTNER B VENTURE Rs.1000 Rs.1000 PROFIT Rs. 100 LOSS Rs.100 Rs. 60 Rs. 40 Rs. 50 Rs. 50 May be in any agreed ratio Must be according to capital ratio
  4. 5. Mudarabah <ul><li>One partner (Rab al Mal) contributes capital and the other (Mudarib) contributes his skills or services to the venture </li></ul><ul><li>Venture may for a fixed period or purpose </li></ul><ul><li>Both share profit in pre-agreed ratio </li></ul><ul><li>Loss is borne by Rab al Mal only, Mudarib loses his services </li></ul>
  5. 6. MUDARABAH RABBUL MAL MUDARIB VENTURE SERVICES CAPITAL PROFIT LOSS 40 % 60 % LOSS OF SERVICES ALL MONETORY LOSS
  6. 7. Basic Rules of Bai <ul><li>Unconditional basis </li></ul><ul><li>Product have value/Price. </li></ul><ul><li>Bai on Such product which is permissible in Islam. </li></ul>
  7. 8. Basic Rules of Bai <ul><li>Existence of Product/Commodity </li></ul><ul><li>Ownership of Product/Commodity </li></ul><ul><li>Possession of Product/Commodity </li></ul>
  8. 9. Basic Rules of Bai <ul><li>Product Must be Identify, clear with all demanding Qualities. </li></ul><ul><li>Not based on any incident, struggle etc </li></ul><ul><li>Price must be clearly identified. </li></ul>
  9. 10. Bai (Buying & Selling) <ul><li>Basic Kinds of Bai </li></ul>
  10. 11. Kinds of Bai <ul><li>Bai Musawamah </li></ul><ul><li>Bai Murabaha </li></ul><ul><li>Bai Surf </li></ul><ul><li>Bai Salam </li></ul><ul><li>Bai Istisna’ </li></ul><ul><li>Bai Urboon </li></ul>
  11. 12. Basic Kinds of Bai <ul><li>Bai Eenna </li></ul><ul><li>Bai Touliya </li></ul><ul><li>Bai Wadhia </li></ul>
  12. 13. Bai <ul><li>There are three basic type of Bai’s which are using in Islamic Banking as the mode of financing in Pakistan </li></ul><ul><li>Murabahah </li></ul><ul><li>Salam </li></ul><ul><li>Istisna’ </li></ul>
  13. 14. Murabahah <ul><li>Basically, it’s not a mode of financing but a source to avoid interest Dealing </li></ul><ul><li>It’s not a type of loan, but a deal (Bai) </li></ul><ul><li>Murabahah can be used as source of financing when client needs funds to purchase any product/Machinery etc. </li></ul>
  14. 15. Murabahah <ul><li>Sharing of Risk of loss differentiate Murabahah from the interest category </li></ul><ul><li>Product Must be bought from third party for avoid buy back transaction </li></ul><ul><li>Roll over is not Valid in Murabahah </li></ul><ul><li>If actual cost can not be identified then Murabahah deal not possible. </li></ul>
  15. 16. Bai <ul><li>Important Note </li></ul><ul><li>Following 3 Basic Rules of Bai are exceptional for Salam & Istisna’ </li></ul><ul><li>Existence of Product/Commodity </li></ul><ul><li>Ownership of Product/Commodity </li></ul><ul><li>Possession of Product/Commodity </li></ul>
  16. 17. Salam <ul><li>Pay 100% amount in Advance. </li></ul><ul><li>Product must be quantified, identified and Measured with quality. </li></ul><ul><li>Date of delivery, Time, Place must be mentioned clearly in advance. </li></ul><ul><li>Salam is not valid for a specific farm/land/garden. </li></ul>
  17. 18. Istisna’ <ul><li>Not necessary to pay the 100% amount in advance Like Bai salam. </li></ul><ul><li>Price must be decided on beginning of the contract. </li></ul><ul><li>Qualities, features of that product must be clearly identified. </li></ul>
  18. 19. Bai <ul><li>Differences Between Istisna and Salam </li></ul>
  19. 20. Differences Between Istisna and Salam <ul><li>Istisna deal with manufacturing items, but Salam could or could not be manufacutred, but salam ideal of agriculture sector. </li></ul><ul><li>In salam advance payment is necessary, but in Istisna’ its not. </li></ul>
  20. 21. Differences Between Istisna and Salam <ul><li>Date, time of delivery the necessary part of Bai Salam, But in Istisna, it is not the part of the deal. </li></ul><ul><li>In Bai salam, it can be cancelled one sided, but in Istisna, it could be cancelled, if production is not started yet. </li></ul>
  21. 22. Type of Bai according to Quality <ul><li>Bai Salah </li></ul><ul><li>Bai Fasid </li></ul><ul><li>Bai Batil </li></ul><ul><li>Bai Maqoof </li></ul>
  22. 23. Type of Bai according to Quality <ul><li>Bai Majool </li></ul><ul><li>Bai Muqayaddah </li></ul><ul><li>Bai Mu’ajal </li></ul>
  23. 24. <ul><li>Thank you </li></ul>
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