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Shariah Contract in Commercial transaction, IMBT / AITAB (Lease-to-Own) -…
Shariah Contract in Commercial transaction
Leasing & Service Contracts (IJARAH)
SALES & EXCHANGE CONTRACTS
Murabah (cost - plus sale)
BBA (Deferred Payment Sale)
Asset sold with price payable at a later date.
Salam (Forward Sale)
Price paid in full now; delivery is future.
Istisna' (ManufacturingSale)
For goods to be manufactured to specification.
Bank buy & resells at a disclosed profit
Tawarruq
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Partnership & Investment Contracts (SHARING)
Mudharabah (Profit Sharing)
Capital vs. Management; Loss by Capital provider.
Musyarakah (Equity Partnership)
All contribute; Profit/Loss shared proportionally.
Trust & Loan Contracts (AMANAH/TRUST)
Wadiah (Safekeeping Agreement)
Bank acts as custodian; potential voluntary Hibah (gift).
Qardh (Benevolent Loan (Non-profit)
Zero interest loan; borrower repays the exact amount.
IMBT / AITAB (Lease-to-Own)
Ijarah (Simple Leasing/Rental)
Renting the use of an asset.
Ju’alah (Specific Rewards)
Reward promised for a successful task (Task-based).
Lease followed by an option to purchase.