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Istijrar: an alternative solution to murabahah-based import financing facilities under letter of credit-I in Malaysia

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dc.contributor.authorMuhamad Nasir Haron
dc.contributor.authorAniza Rahaya Zulkifli
dc.contributor.authorMarjan Muhammad
dc.contributor.authorMezbah Uddin Ahmed
dc.date.accessioned2022-02-28T03:40:32Z
dc.date.available2022-02-28T03:40:32Z
dc.date.issued2020
dc.description.abstractIslamic banks provide similar trade finance facilities to those of conventional banks. They intermediate between buyers (i.e., importers) and sellers (i.e., exporters), act as a custodian of documents, and provide means to reduce payment risks via different payment terms (e.g., open account, documentary collection and letter of credit (LC)). They also provide financing - as need be - to help with working capital tied to the trade transactions. This research focuses only on financing by Islamic banks to importers that involve LCs. Different underlying Shari'ah contracts are used for import financing facilities under LC, the most common being the murabahah contract. At the time of sale, the existence of the subject matter and its ownership by the seller are the key requirements for the validity of a murabahah contract. In the absence of either of these requirements, the contract is considered null and void.en_US
dc.identifier.citationMuhammad, M., Ahmed, M. U., Haron, M. N., & Zulkifli, A. R. (2020). Istijrar: an alternative solution to murabahah-based import financing facilities under letter of credit-I in Malaysia. Kuala Lumpur, Malaysia: ISRA.en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3544
dc.languageEnglish
dc.language.isoengen_US
dc.publisherInternational Shari'ah Research Academy for Islamic Finance (ISRA)en_US
dc.rights2020. International Shari'ah Research Academy for Islamic Finance (ISRA)
dc.sourceSEDONA
dc.subjectIslamic trade financeen_US
dc.subjectImport financingen_US
dc.subjectLetter of crediten_US
dc.subjectMurabahahen_US
dc.subjectIstijraren_US
dc.titleIstijrar: an alternative solution to murabahah-based import financing facilities under letter of credit-I in Malaysiaen_US
dc.typeResearch Monographen_US
dlc.maintopicMuamalat contractsen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.licenseAvailable in I-FIKR platform. Kindly email to kmc@inceif.org to access the item
ikr.topic.maintopicMuamalat contractsen_US
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relation.isAuthorOfPublication.latestForDiscovery5967275c-e645-49ce-9855-350b32e2dc77
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