Islamic Commercial Law
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This certificate confirms that Contact id has completed the CIMA Certificate in Islamic Commercial Law as certified by Charles Tilley, Chief Executive. The certificate holder is not a member of the institute and no practical experience was assessed as part of earning this award. The document also certifies that Contact id has completed the CIMA Certificate in Islamic Commercial Law multiple times.
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Islamic Banking and Takaful
This certificate confirms that Contact id has completed the CIMA Certificate in Islamic Banking and Takaful as certified by Charles Tilley, the Chief Executive. While the certificate recognizes the completion of the program, it does not confer membership in the institute or evaluate any practical experience. The certificate was awarded to Contact id on 5th November 2013 for Islamic Finance qualifications.
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This certificate certifies that Contact id has completed the CIMA Certificate in Accounting for Islamic Financial Institutions, as signed by Charles Tilley, the Chief Executive. However, this award does not imply membership in the institute and no practical experience was assessed as part of earning this certificate.
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Morabaha Financing
The word Morabaha is taken from the Arabic word Ribh which means Profit. Originally, Morabaha is a contract of sale in which a commodity is sold on profit. The seller tells the buyer his cost price as well as his profit he is adding to the cost. Modern form of Morabaha has become the single most popular technique of financing all over the world.
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Islamic Banking and Takaful
This certificate confirms that Contact id has completed the CIMA Certificate in Islamic Banking and Takaful as certified by Charles Tilley, the Chief Executive. While the certificate recognizes the completion of the program, it does not confer membership in the institute or evaluate any practical experience. The certificate was awarded to Contact id on 5th November 2013 for Islamic Finance qualifications.
1-MCXRYE
This certificate certifies that Contact id has completed the CIMA Certificate in Accounting for Islamic Financial Institutions, as signed by Charles Tilley, the Chief Executive. However, this award does not imply membership in the institute and no practical experience was assessed as part of earning this certificate.
Right Impressions Flyer
Right Impressions seeks to build individual and organizational capacity through one-on-one consultancy services and tailored programs. They offer career advice, CV and presentation skills development, confidence building, team building, management and administrative training, business advice and planning, charity registration assistance, and donor development services. Initial consultations are free, and interested clients can contact Morin Carew by phone or email.
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VA Business Assurance Services provides services like audit and assurance, business consulting, taxation compliance and consulting, etc.
Company profile nam associates
Business Registration/ Company formation
PRO Services
Accounting
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Call 00971 581990190
Revised Ajay Flyer
P. Arora & Bohra Associates is an accounting and auditing firm in the UAE founded by Ajay Arora and Madhusudan Bohra. They have over 35 combined years of experience working with big auditing firms. The firm provides a full range of accounting, auditing, financing, and business advisory services. They aim to offer personalized service and specialized expertise to help clients effectively manage risks and make business decisions.
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Morabaha Financing
The word Morabaha is taken from the Arabic word Ribh which means Profit. Originally, Morabaha is a contract of sale in which a commodity is sold on profit. The seller tells the buyer his cost price as well as his profit he is adding to the cost. Modern form of Morabaha has become the single most popular technique of financing all over the world.
Modaraba application permission & restrictions
The document discusses the Riba Free mode of financing known as Modaraba. It provides details on:
- Modaraba is a partnership contract between two parties where one provides capital and the other provides skills, experience and management for a business venture. Profits are shared according to a pre-agreed ratio and losses are borne solely by the provider of capital.
- It describes the historical origins and evolution of Modaraba from earlier forms like commenda. Key principles discussed include the requirement for profit/loss sharing, the use of money as capital, and restrictions against fixed returns.
- Various applications and types of Modaraba contracts are outlined. It concludes by emphasizing Modaraba is a Sh
commercial and islamic banking
Commercial banks accept deposits and provide loans and financial services, earning a profit from interest paid on loans. Islamic banks adhere to Islamic principles prohibiting interest, using alternative structures like profit-sharing and leasing. A central bank regulates the entire banking system, controlling money supply and acting as a bank for the government, while commercial and Islamic banks deal directly with the public, following central bank guidelines.
MALAYSIAN LEGAL SYSTEM Sources of law – islamic law
- Islam was introduced to Malacca in the 15th century during the reign of Sultan Parameswara.
- The first written code of laws for Malacca was the Hukum Kanun Melaka, prepared in the 15th century during the reign of Sultan Muzaffar Shah, which contained 18 chapters with Islamic elements dealing with issues like marriage and commerce.
- Subsequent sultanates like Johor produced their own codes modeled after Hukum Kanun Melaka, integrating more aspects of Islamic law.
Modes of islamic finance
1. Murabaha is an Islamic financing technique where a financier purchases an asset for a customer and sells it to them at an agreed upon higher price, incorporating a disclosed profit amount.
2. It involves the customer first requesting the purchase from the financier. The financier then appoints the customer as an agent to identify and procure the asset. Once purchased, ownership is transferred to the financier before being sold to the customer.
3. The transaction involves two separate contracts - one where the customer acts as the financier's agent in purchasing the asset, and another where the customer acts as buyer and the financier as seller, with ownership transferring upon sale. This ensures risks are properly assumed under
The Different Modes of Islamic Finance
The document summarizes several key Islamic financing modes:
1) Murabahah is a cost-plus sale where the bank discloses costs and sells an asset to a customer on a deferred payment plan at a markup. Salam and istisna'a are used for agriculture and project financing respectively, allowing for advanced payment in exchange for future delivery of goods or projects.
2) Ijarah is an Islamic lease where the bank owns an asset and leases it to a customer for rental payments over a set period, after which the asset is either returned or sold to the lessee.
3) Each contract has specific steps and conditions to ensure compliance with Sharia principles like prohibition of interest and uncertainty
islamic modes of finance
This document provides an overview of Islamic modes of financing, including rental-based (ijara), participatory (mudarabah, musharakah), and trade-based (murabahah, musawamah, salam, istisna) modes. It discusses the definitions, key terms, and conditions for each type of financing arrangement. The document is presented to Dr. Saqib Sharif by Hira Ali, Durriya Hai, and Tehzeeb Tariq on the topic of Islamic modes of financing for managers.
Investment banks
The document provides information about investment banks, including their organizational structure, functions, and examples of investment banks in Pakistan. It discusses that investment banks are split into front office, middle office, and back office activities. The front office includes investment banking, investment management, sales and trading, and research and structuring. It also summarizes some of the major functions of investment banks such as IPOs, mergers and acquisitions advisory, trading, research, and risk management. The document then provides details about several prominent investment banks in Pakistan, including their investment banking services, such as NIB Bank, IGI Investment Bank, Citibank, and Meezan Bank.
Islamic modes of financing
There are three main types of Islamic financing modes: participatory, sale-based, and rent-based. Participatory modes include mudarabah (equity finance where profit is shared but loss is borne by the capital owner), musharakah (similar to mudarabah but both partners share profit and loss), and diminishing partnership (where the financier gradually sells their share of an asset to the beneficiary). Sale-based modes include murabahah (cost-plus sale), istisna (manufacturing something for future delivery), and salam (advance payment for future delivery of goods). Rent-based modes include ijarah (leasing of assets) and tawaruq (purchasing an
Murabaha INTRODUCTION
Murabaha is an Islamic financing structure where a financial institution purchases an asset for a customer and sells it to them at an agreed upon markup. The document defines Murabaha, provides examples of how it works, and answers common questions about the process. Key points include:
- In Murabaha, the cost of the asset and the pre-agreed profit amount must be disclosed to the customer.
- The financial institution purchases the asset then sells it to the customer for a higher price paid in installments or all at once.
- The customer can be appointed as an agent to select the asset on behalf of the bank.
Fundamentals of Islamic Economic System
1) The Islamic economic system is based on several key principles: Allah owns all things and humans are merely trustees; everything was created for humans' service and use; the concepts of halal (lawful) and haram (unlawful) govern production and consumption; and a system of zakat and sadaqat ensures equitable distribution of wealth.
2) Some other features include: Allah provides sustenance to all and expands or restricts livelihood; humans have limited ownership rights as trustees of wealth bestowed by Allah; interest, hoarding of wealth, and monopolies are prohibited.
3) The system aims for justice, welfare, and moderation by ensuring the basic needs of the
Chapter 2
The document provides an overview of the sources of Islamic law, including its primary sources (Quran, hadith, ijma, and qiyas) and secondary sources (istihsan, masalih mursalah, urf, istishab). It defines each source and provides examples. The philosophy of Islamic law is also discussed, aiming to maintain life, freedom of belief, intellect, honor, property, and ensure all actions are performed with obligations.
Salam
The document discusses Salam, a type of Islamic financing contract. Some key points:
1. In a Salam contract, the seller undertakes to supply specific goods to the buyer at a future date in exchange for full payment of the price at the time of the contract.
2. Several conditions must be met for a Salam contract to be valid, including full advance payment, precise specification of goods, and setting an exact date and place of delivery.
3. Salam can help finance agricultural sectors by allowing farmers to receive funds upfront before harvest in exchange for committing to future delivery of crops. Banks can use parallel Salam contracts to mitigate delivery risk.
Islamic modes of finance
This document discusses various Islamic modes of financing including musharakah, mudaraba, murabaha, ijara, salam, and istisna. Musharakah involves a joint partnership where profits and losses are shared based on capital contribution. Mudaraba is an arrangement where one party provides the capital and another party manages the business, with profits shared according to a predetermined ratio. The document outlines the step-by-step process for murabaha financing and provides rules for ijara leases. It also discusses the conditions for salam contracts and validity of istisna'a agreements, concluding with key terms and conditions for these types of financing structures.
Soruce of islamic law
The document discusses the sources of Islamic law, with the Holy Quran being the primary source. It provides an overview of the compilation of the Quran during the times of Prophet Muhammad, Abu Bakr, and Uthman. It discusses the theory of abrogation in the Quran and importance of Quran as the foundation for Islamic law. The document also briefly mentions other secondary sources of Islamic law such as hadith, ijma, qiyas, and customs.
1 Al Quran, 2 Sunnan, 3 Al Ijma, 4 Al Ijtehad, 5 Al Qiyas
1. The document discusses the primary sources of Islamic legislation which are the Quran, hadith (sunnah), ijma (consensus) and qiyas (analogical reasoning).
2. It provides details on each source, including how the sunnah explains and elaborates on the Quran, and how ijma and qiyas were used by early Islamic jurists to derive rulings for issues not directly addressed in the primary sources.
3. Qiyas in particular is discussed as an important tool for Muslim jurists to use in solving modern problems by finding analogous rulings from the Quran and hadith.
Sources of Islamic law
Fiqh, or Islamic jurisprudence, is based on five sources: the Quran, sunnah (sayings and actions of the Prophet), ijma (scholarly consensus), qiyas (analogical reasoning), and ijtihad (independent reasoning). The Quran and sunnah are the primary sources, outlining broad moral and legal principles. Scholars then derive further rulings and details through ijma, qiyas, and ijtihad to address issues not directly mentioned in the primary sources by building upon their principles using consensus, analogy, and independent reasoning.
Difference Between Islamic Banking and Commercial Banking & Features of Islam...
Difference Between Islamic Banking and Commercial Banking
& Features of Islamic Economic System in Pakistan
Ijarah INTRODUCTION
Ijarah is an Islamic financing method where a lessor leases an asset to a lessee for an agreed upon rental payment. There are three key points:
1) Ijarah allows the use of an asset but ownership remains with the lessor, who bears risks related to ownership. The lessee bears risks related to use of the asset.
2) Rental payments and sale of the asset must be structured separately to avoid making the lease contingent on sale.
3) Rules governing ijarah require the asset to be identified and the lease period determined. Rent can be set ahead of time but not increased unilaterally. The lessee bears costs of use while the lessor
BAY' BITHAMAN AAJIL
The document discusses the concept of Bai Bithaman Ajil (BBA), which is an Islamic financing technique that allows for the deferred payment of goods purchased. BBA involves the immediate delivery of an asset to the buyer while payment is postponed to a future date or paid through installments. The document examines the principles, evidence, objectives, mechanics, and pricing considerations of BBA transactions.
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Modaraba application permission & restrictions
The document discusses the Riba Free mode of financing known as Modaraba. It provides details on:
- Modaraba is a partnership contract between two parties where one provides capital and the other provides skills, experience and management for a business venture. Profits are shared according to a pre-agreed ratio and losses are borne solely by the provider of capital.
- It describes the historical origins and evolution of Modaraba from earlier forms like commenda. Key principles discussed include the requirement for profit/loss sharing, the use of money as capital, and restrictions against fixed returns.
- Various applications and types of Modaraba contracts are outlined. It concludes by emphasizing Modaraba is a Sh
commercial and islamic banking
Commercial banks accept deposits and provide loans and financial services, earning a profit from interest paid on loans. Islamic banks adhere to Islamic principles prohibiting interest, using alternative structures like profit-sharing and leasing. A central bank regulates the entire banking system, controlling money supply and acting as a bank for the government, while commercial and Islamic banks deal directly with the public, following central bank guidelines.
MALAYSIAN LEGAL SYSTEM Sources of law – islamic law
- Islam was introduced to Malacca in the 15th century during the reign of Sultan Parameswara.
- The first written code of laws for Malacca was the Hukum Kanun Melaka, prepared in the 15th century during the reign of Sultan Muzaffar Shah, which contained 18 chapters with Islamic elements dealing with issues like marriage and commerce.
- Subsequent sultanates like Johor produced their own codes modeled after Hukum Kanun Melaka, integrating more aspects of Islamic law.
Modes of islamic finance
1. Murabaha is an Islamic financing technique where a financier purchases an asset for a customer and sells it to them at an agreed upon higher price, incorporating a disclosed profit amount.
2. It involves the customer first requesting the purchase from the financier. The financier then appoints the customer as an agent to identify and procure the asset. Once purchased, ownership is transferred to the financier before being sold to the customer.
3. The transaction involves two separate contracts - one where the customer acts as the financier's agent in purchasing the asset, and another where the customer acts as buyer and the financier as seller, with ownership transferring upon sale. This ensures risks are properly assumed under
The Different Modes of Islamic Finance
The document summarizes several key Islamic financing modes:
1) Murabahah is a cost-plus sale where the bank discloses costs and sells an asset to a customer on a deferred payment plan at a markup. Salam and istisna'a are used for agriculture and project financing respectively, allowing for advanced payment in exchange for future delivery of goods or projects.
2) Ijarah is an Islamic lease where the bank owns an asset and leases it to a customer for rental payments over a set period, after which the asset is either returned or sold to the lessee.
3) Each contract has specific steps and conditions to ensure compliance with Sharia principles like prohibition of interest and uncertainty
islamic modes of finance
This document provides an overview of Islamic modes of financing, including rental-based (ijara), participatory (mudarabah, musharakah), and trade-based (murabahah, musawamah, salam, istisna) modes. It discusses the definitions, key terms, and conditions for each type of financing arrangement. The document is presented to Dr. Saqib Sharif by Hira Ali, Durriya Hai, and Tehzeeb Tariq on the topic of Islamic modes of financing for managers.
Investment banks
The document provides information about investment banks, including their organizational structure, functions, and examples of investment banks in Pakistan. It discusses that investment banks are split into front office, middle office, and back office activities. The front office includes investment banking, investment management, sales and trading, and research and structuring. It also summarizes some of the major functions of investment banks such as IPOs, mergers and acquisitions advisory, trading, research, and risk management. The document then provides details about several prominent investment banks in Pakistan, including their investment banking services, such as NIB Bank, IGI Investment Bank, Citibank, and Meezan Bank.
Islamic modes of financing
There are three main types of Islamic financing modes: participatory, sale-based, and rent-based. Participatory modes include mudarabah (equity finance where profit is shared but loss is borne by the capital owner), musharakah (similar to mudarabah but both partners share profit and loss), and diminishing partnership (where the financier gradually sells their share of an asset to the beneficiary). Sale-based modes include murabahah (cost-plus sale), istisna (manufacturing something for future delivery), and salam (advance payment for future delivery of goods). Rent-based modes include ijarah (leasing of assets) and tawaruq (purchasing an
Murabaha INTRODUCTION
Murabaha is an Islamic financing structure where a financial institution purchases an asset for a customer and sells it to them at an agreed upon markup. The document defines Murabaha, provides examples of how it works, and answers common questions about the process. Key points include:
- In Murabaha, the cost of the asset and the pre-agreed profit amount must be disclosed to the customer.
- The financial institution purchases the asset then sells it to the customer for a higher price paid in installments or all at once.
- The customer can be appointed as an agent to select the asset on behalf of the bank.
Fundamentals of Islamic Economic System
1) The Islamic economic system is based on several key principles: Allah owns all things and humans are merely trustees; everything was created for humans' service and use; the concepts of halal (lawful) and haram (unlawful) govern production and consumption; and a system of zakat and sadaqat ensures equitable distribution of wealth.
2) Some other features include: Allah provides sustenance to all and expands or restricts livelihood; humans have limited ownership rights as trustees of wealth bestowed by Allah; interest, hoarding of wealth, and monopolies are prohibited.
3) The system aims for justice, welfare, and moderation by ensuring the basic needs of the
Chapter 2
The document provides an overview of the sources of Islamic law, including its primary sources (Quran, hadith, ijma, and qiyas) and secondary sources (istihsan, masalih mursalah, urf, istishab). It defines each source and provides examples. The philosophy of Islamic law is also discussed, aiming to maintain life, freedom of belief, intellect, honor, property, and ensure all actions are performed with obligations.
Salam
The document discusses Salam, a type of Islamic financing contract. Some key points:
1. In a Salam contract, the seller undertakes to supply specific goods to the buyer at a future date in exchange for full payment of the price at the time of the contract.
2. Several conditions must be met for a Salam contract to be valid, including full advance payment, precise specification of goods, and setting an exact date and place of delivery.
3. Salam can help finance agricultural sectors by allowing farmers to receive funds upfront before harvest in exchange for committing to future delivery of crops. Banks can use parallel Salam contracts to mitigate delivery risk.
Islamic modes of finance
This document discusses various Islamic modes of financing including musharakah, mudaraba, murabaha, ijara, salam, and istisna. Musharakah involves a joint partnership where profits and losses are shared based on capital contribution. Mudaraba is an arrangement where one party provides the capital and another party manages the business, with profits shared according to a predetermined ratio. The document outlines the step-by-step process for murabaha financing and provides rules for ijara leases. It also discusses the conditions for salam contracts and validity of istisna'a agreements, concluding with key terms and conditions for these types of financing structures.
Soruce of islamic law
The document discusses the sources of Islamic law, with the Holy Quran being the primary source. It provides an overview of the compilation of the Quran during the times of Prophet Muhammad, Abu Bakr, and Uthman. It discusses the theory of abrogation in the Quran and importance of Quran as the foundation for Islamic law. The document also briefly mentions other secondary sources of Islamic law such as hadith, ijma, qiyas, and customs.
1 Al Quran, 2 Sunnan, 3 Al Ijma, 4 Al Ijtehad, 5 Al Qiyas
1. The document discusses the primary sources of Islamic legislation which are the Quran, hadith (sunnah), ijma (consensus) and qiyas (analogical reasoning).
2. It provides details on each source, including how the sunnah explains and elaborates on the Quran, and how ijma and qiyas were used by early Islamic jurists to derive rulings for issues not directly addressed in the primary sources.
3. Qiyas in particular is discussed as an important tool for Muslim jurists to use in solving modern problems by finding analogous rulings from the Quran and hadith.
Sources of Islamic law
Fiqh, or Islamic jurisprudence, is based on five sources: the Quran, sunnah (sayings and actions of the Prophet), ijma (scholarly consensus), qiyas (analogical reasoning), and ijtihad (independent reasoning). The Quran and sunnah are the primary sources, outlining broad moral and legal principles. Scholars then derive further rulings and details through ijma, qiyas, and ijtihad to address issues not directly mentioned in the primary sources by building upon their principles using consensus, analogy, and independent reasoning.
Difference Between Islamic Banking and Commercial Banking & Features of Islam...
Difference Between Islamic Banking and Commercial Banking
& Features of Islamic Economic System in Pakistan
Ijarah INTRODUCTION
Ijarah is an Islamic financing method where a lessor leases an asset to a lessee for an agreed upon rental payment. There are three key points:
1) Ijarah allows the use of an asset but ownership remains with the lessor, who bears risks related to ownership. The lessee bears risks related to use of the asset.
2) Rental payments and sale of the asset must be structured separately to avoid making the lease contingent on sale.
3) Rules governing ijarah require the asset to be identified and the lease period determined. Rent can be set ahead of time but not increased unilaterally. The lessee bears costs of use while the lessor
BAY' BITHAMAN AAJIL
The document discusses the concept of Bai Bithaman Ajil (BBA), which is an Islamic financing technique that allows for the deferred payment of goods purchased. BBA involves the immediate delivery of an asset to the buyer while payment is postponed to a future date or paid through installments. The document examines the principles, evidence, objectives, mechanics, and pricing considerations of BBA transactions.
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MALAYSIAN LEGAL SYSTEM Sources of law – islamic law
MALAYSIAN LEGAL SYSTEM Sources of law – islamic law
1 Al Quran, 2 Sunnan, 3 Al Ijma, 4 Al Ijtehad, 5 Al Qiyas
1 Al Quran, 2 Sunnan, 3 Al Ijma, 4 Al Ijtehad, 5 Al Qiyas
Difference Between Islamic Banking and Commercial Banking & Features of Islam...
Difference Between Islamic Banking and Commercial Banking & Features of Islam...
Islamic Commercial Law
- 1. This is to certify that Contact id has completed the CIMA Certificate in Islamic Commercial Law On behalf of the council Charles Tilley, Chief Executive This award must not be taken to imply that the holder is a member of the institute. Note: No practical experience has been assessed as part of this award. This is to certify that Contact id has completed the CIMA Certificate in Islamic Commercial Law This is to certify that Contact id has completed the CIMA Certificate in Islamic Commercial Law This is to certify thatThis is to certify that Contact id CIMA Certificates in Islamic Finance Nataliia Dovhal 1-MCXRYE 21 October 2013