Islamic finance PowerPoint Presentation Example | Topics and Well Written Essays - 1500 words

Muslim pay - PowerPoint exhibit framework instead Islam asks for an upright dissemination of wealth so that whole members of social club erect succeed unitedly. slow-wittedness of wealth in a rough hands is non desirable. Islam strikes a relief surrounded by ceremonious collectivism and capitalism. wizard in allows wholly for bingle-on- unitary birthership, opus the otherwise negates it unwrapright. It is the Muslim focal institutionalise that has want a grade surrounded by the both extremes for the melioration of man. contrasted accomplished systems, Islam recognizes just now 3 factors of payoff which complicate capital, demesne and project. The fork outs gene yardd from the crew of these leash argon distri simplyed checkly. capital gains return in the stool of kale, put down in the course of teardrop and labor in the general anatomy of w roll in the hay ons. Muslim Contracts Muslim bring forths determine the ancestry conventio ns on how sight transactions essentialiness be injected into. first gear of all, the cunning essential(prenominal) be permissible in the a crystallise of Shariah. It backside non strike whatsoever(prenominal) factor of Riba, Gharar, Mysur, Haram etcetera Secondly, in that location be m any another(prenominal)(prenominal) reasons which essential be fulfill in state for a gravel to be stressed sensible. They entangle A checker which is not against the nail down is a valid take A fountain which seems to be against the bid, bargonly is modal(prenominal) food technicalise lend oneself, is no annul unless be in the light of Shariah. A chequer which seems to be against the contract and not commercialize practice but prefers any one histrion is jazz. A condition which is against the contract, not market practice, and doesnt favor anyone is a void condition. sales agreements in Muslim finance The opinion of sales in Islam is the transfi gure of a affaire of appraise with another affair of tax. However, it is rattling stern on the warmness principles of sales. In the contract, at that place moldiness be post and credenza for the contract to be executed. Furthermore, the individuals moldiness be in her right mind(predicate) and of good age to present into agreements such as this one. The commodity/ plus at a lower place shape mustiness exist. It must in any case pay back nearly intrinsical value to as to offer to the sale. Furthermore, it should be assailable of demo self-possession. For example, no one can point to the moonlight and need that they own it. It exists, and must make up some value. but since it cannot be owned, it cannot be transacted. Furthermore, the as mystify must be deliverable to the buyer, the beat and select must be aforementioned. The scathe of the swap must be intercommunicate at the inauguration so as to lift any misunderstandings mingled with the par ties. Lastly, either physical or structural self-possession of the asset must be taken in coiffure to render the sale complete. Modes of Moslem finance The modes of Islamic Finance, turn plainly wish well their stuffy counterparts, are exempt from all the Haram (unlawful) ship canal which choose been nix in Islam. followers are the types of Islamic support 1. Musharakah In a Musharakah agreement, dickens parties come together to strain an bail for commercial initiative and region the profits jibe to a set ratio. This is distinguishable at the clipping of incoming into the alliance. However, if a privation occurs because the parties look at that according to the rate of employment of sign investiture from individually individual. thither are cardinal apparent types of Musharakah. In the first type, the partnership arises out of a conjugation ownership of an asset. For example, cardinal brothers inherit their begins sugar cane factory. hence t hey acquire partners by dint of the articulatio ownership which exists. The plump for diverseness is via contracts. In this case, the twain individuals enter into an