Continuation
Examples of Islamic financial
contracts and their underlying characteristics
Contact
|
Type
|
Underlying contract type
|
Ijarah
|
Debt-based
|
Lease
|
Murabahah
|
Debt-based
|
Cost-plus mark up
|
Salam
|
Debt-based
|
Future contract
|
Istisna
|
Debt-based
|
Manufacturing contract
|
Musharakah
|
Equity-based
|
Profit and loss sharing
|
Mudarabah
|
Equity-based
|
Profit-sharing and loss-bearing
|
Wadiah
|
Trust Contract
|
Safe custody of assets
|
Qard
|
Debt-based
|
Interest free financing
|
Sources: Islamic banks, KFH Research
From the research paper of
European Central Bank
(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho,
B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
No comments:
Post a Comment