Search results
Results from the WOW.Com Content Network
“Cash-Only-Automobiles” will sell him the car for $10,000 but are not willing to wait to receive the full price. The Murabaha Bank will sell him the car for $12,000 and is willing to wait two years to receive the full price. Adam’s choice to purchase from the Murabaha Bank reflects his desire to not pay the full price of the car today.
Structure of simple mudaraba contract [11]. Mudarabah is a partnership where one party provides the capital while the other provides labor and both share in the profits. [12] [13] The party providing the capital is called the rabb-ul-mal ("silent partner", "financier"), and the party providing labor is called the mudarib ("working partner").
In Islamic jurisprudence , Bai-muajjal, also called bai'-bithaman ajil, [284] or BBA, is a credit sale or deferred payment sale, i.e. the sale of goods on a deferred payment basis. In Islamic finance, the bai' muajjal product also involves the price markup of a murabahah contract, and a murabahah product involves a bai-muajjal deferred payment.
According to the matching principle in accrual accounting, expenses are recognised when obligations are incurred, regardless of when cash is paid. Cash can be paid out either before or after the obligations are incurred (when goods or services are received), leading to the following two types of accounts:
In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over ...
The accrual method records income items when they are earned and records deductions when expenses are incurred. The modified cash basis records income when it is earned but deductions when expenses are paid out. Both methods have advantages and disadvantages, [2] [3] and can be used in a wide range of situations. [4]
Pages in category "Urdu-language books" ... List of Urdu book publishing companies; ... additional terms may apply.
Tafhim-ul-Quran (Urdu: تفہيم القرآن, romanized: Tafheem-ul-Quran, lit. 'Towards Understanding the Qur'an') is a 6-volume translation and commentary of the Qur'an by the Pakistani Islamist ideologue and activist Syed Abul Ala Maududi. Maududi began writing the book in 1942 [1] and completed it in 1972. [2] [3]