METHODS AND CONCEPT METHODS AND CONCEPT

Journal Content Journal Content

 
METHOD / CONCEPT
1. AL BAI - BITHAMAN AJIL
Meaning : Sales with Deferred Price

Funding is applicable for all purposes related to businesses such as purchasing fixed assets, working capital needs, overhead cost and Bank Guarantee.
2. AL – MURABAHAH
Meaning : Sales with Profit Fare
 
Applicable for funding the purchase of raw materials, partly finished items, finished items and spare parts appliances.
3. AL – IJARAH
Meaning : Lease or Rental

Customers who require plant equipments, machines, vehicles or moveable assets may rent the equipments from MARA . Once the rental payment is made, the equipments are transferred to the customer.
4. BAI AL – INAH
Meaning : Selling an Item at Deferred Price to the Customer
 
This concept is specifically for the use of overhead cost only, such as paying salary, premise rental, electricity and water.
5. AL - QARDHUL HASAN
This concept is sincere loans or loans that do not involve interest or additional conditions on repayment of the loan. This concept is applicable in Business Financing Scheme to Persons With Disabilities (PWD/OKU).