Murabaha is an Islamic financing structure where a financial institution buys an asset requested by a client and then sells it to the client at an agreed upon profit margin. It involves two sale contracts - first where the bank purchases the asset, and second where the client purchases it from the bank on a deferred payment schedule. Murabaha is the most widely used Islamic financing tool as it resembles a loan while complying with Sharia prohibitions on interest. The document then provides examples of how to calculate the cost and profit amounts in Murabaha transactions.
A presentation about Islamic shares financing model based on Murabaha principle. It shows the movement of accounts and transfer of money between the bourse/stock exchange, Islamic bank/financial institution and the customer.
Bai muajjal bai salam and istisna in islamic banking pakistanFaria Fary
Bai muajjal bai salam and istisna in islamic banking pakistan. The explanation behind this paper is to aggregate up the report on the thoughts and use of Bai Muajjal Bai Salam and Istisna in Islamic Banking System.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. Abdulahi Abukar “ ABAJEY”
INTRODUCTION
The Murabaha is also similar to a form of sale
called Tawliyyah (to sell as per the
purchasing price without making profit.
Murabaha or cost plus markup sale is the first
of asset based financing contracts employed
by Islamic banks. It is the most widely used
financing tool as it somehow resembles a
loan contract.
3. When a business wants to purchase an asset, they have five
choices:
Pay cash – difficult if it is a big ticket item, say vehicle,
machinery or buildings
Get it on credit from the vendor, possibly through
interest free credit card; you can forget about getting
interest free credit from a car dealer or housing
developer.
Get a loan to buy the asset either from a conventional
financial institution.
Get an Islamic financing from an IFI.
Defer or forget about the future purchase.
Abdulahi Abukar “ ABAJEY”
4. For Islamic standards of a legal sale, Murabaha is
completed in two stages, In the First Stage, the
bank purchases a product that the client is selling
and the Second Stage, the client agrees to a
payment schedule for repurchasing the good,
Because Murabaha involves two transactions, two
sale contracts are used.
Murabaha “is a contract of sale where the seller
discloses to the buyer the actual cost of the item
to be sold in addition to the profit margin (mark
up) added, to be mutually agreed winning with the
buyer”. Abdulahi Abukar “ ABAJEY”
5. The Murabaha contract is one of the safest
branches of Islamic law, where the price of
the sale is determined based on the cost of
the commodity plus an agreed profit between
the seller and the buyer.
The Murabaha is one of the most commonly
used modes of financing by Islamic Banks and
financial institutions.
The Murabaha is a mode of financing as old
as Musharakah, Today in Islamic banks world-
over 67% of all investment transactions are
through Murabaha.Abdulahi Abukar “ ABAJEY”
6. Al-Murabaha: is a contract between
the buyer and the seller under
which the seller sells specific goods
allowable under Islamic sharia and
law of the land to the buyer at a
cost plus agreed profit payable in
cash on or before a fixed future
date.
In the modern financial market,
Murabaha usually obeys the following
terms:
Abdulahi Abukar “ ABAJEY”
Bai Al-Murabaha
7. 1. The cost of the required items, and other relevant costs,
must be specified prior to contracting.
2. The payment date must be specified.
3. The financier maintains ownership of the purchased items
until delivery.
4. The financier bears all the costs and risks of ownership until
delivery.
5. The end user and financier must pre-agree and specify the
mark-up to be applied.
6. The mark-up applies to all relevant costs incurred by the
financier.
7. The goods subject to the transaction must be specified.
Abdulahi Abukar “ ABAJEY”
8. Murabaha Transaction : $50,000
Rate of Profit: 15%.
Murabaha Facility Annually
What is the COST-PLUS SALE?
Cos = ($50,000 x 15%) = $7,500
Murabaha Price =$7500 + 50,000= $57,500
Abdulahi Abukar “ ABAJEY”
9. TEST
You, purchased a pair of shoes for SOSH100
you wants to sell it on a Murabaha basis
with 9.5% mark-up with six month,
installment by annually The exact cost is
unknown. Calculate this Murabaha sale is.
Abdulahi Abukar “ ABAJEY”
10. 1) The customer approaches the bank
with a request for the purchase of any
commodity that can be legally sold on
credit.
2) The bank purchases the commodity
through the client as agent.
3) The bank makes payment to the
vendor/supplier.
Abdulahi Abukar “ ABAJEY”
11. 4. The customer takes delivery of the item on
behalf of the bank as agent.
5. The customer makes an offer to purchaser
and the bank accepts the offer the bank
transfer the title over to the customer upon
execution of Murabahah.
6. The customer makes payment on a deferred
basis without any overturn, discount or
rebate.
Abdulahi Abukar “ ABAJEY”
15. What are the basic rules of Murabaha?
● The subject matter must exist at the time of sale.
● The subject matter must be in the ownership of seller.
● The subject matter must be in the possession (absolute
or constructive) of seller.
● The price must be agreed and fixed at the time of sale.
● The subject matter must have value from Sharia
perspective.
The transaction can either be spot or on late payment
basis.
Abdulahi Abukar “ ABAJEY”
16. Besides the principles mentioned in the definition box of
Murabaha, we should note the following:
In a Murabaha to the purchase ordered, the promise
to buy of the customer (the purchase ordered) may
be binding or non binding. This result from different
shari’a opinions. One group of scholars view that the
promise is non-binding because:
a) The bank cannot sell what it does not have (at the
time of making the promise)
b) The goods may be faulty , deficient or unnecessary
when delivered.
Abdulahi Abukar “ ABAJEY”
17. Murabaha Transaction : $100,000
Rate of Profit: 15%
insurance 5%
Murabaha Facility 90 Days
Calculate COST-PLUS SALE?
insurance Cost: 100,000 x 5% = 5,000
Total Cost: 100,000 + 5,000 = $105,000
Profit: 105,000 x 15% x 90/365 = $3,883
Murabaha Price: 105,000 + 3,883 = $108,883
Installment: 108,883 / 3 = $36,294
Abdulahi Abukar “ ABAJEY”
18. This seven steps are involve to implements the
transaction of Murabaha:
1. Client purchase requisition or request.
2. Master Murabaha facility agreement
3. Clients independent promise
4. Agency agreement
5. Control of Murabaha goods
6. Offer and acceptance
7. Transfer of possession
Abdulahi Abukar “ ABAJEY”
Steps of Murabaha
Transactions
19. 1. Define Murabaha?
2. When a business wants to purchase an asset,
they have five choices what are they?
3. What Murabaha usually obeys in financial
markets?
4. What are the basic rules of Murabaha?
5. There are seven steps are involves the
transaction of Murabaha what are they?
Abdulahi Abukar “ ABAJEY”
20. Abdulahi Abukar “ ABAJEY”
Test : 1
Financial Amount : $100
Profit Rate : 11%.
Murabaha Facility 1 year
What is COST?
Test : 2
Murabaha Transaction : $150,000
Rate of Profit: 25%
Freight insurance 0.50%
Murabaha Facility Annually
Calculate COST-PLUS SALE?
21. Test : 3
Cost of Good : $1,000,000
Profit Rate : 16%.
Murabaha Facility Four Equal installment
Insurance: 10%
Calculate ?
Test : 4
Cost of Good : $500,000
Profit Rate : 2.5%.
Murabaha Facility Semiannual
Insurance: 3%
What is COST-PLUS SALE?
Abdulahi Abukar “ ABAJEY”