The Modaraba is a multipurpose perpetual modaraba and is primarily engaged in ijarah
financing, musharikah, murabaha, musawamah, modaraba, equity investment, Ijarah
and trading activities.
ENPNewswire-August 27, 2019--Maisarah Introduces Ijarah
Financing Product for Corporate Customers
MANAMA: Bahrain Bourse (BHB) is listing 15 treasury bill issues and short-term Islamic lease (Ijarah
) sukuk worth BD982 million today.
Under this agreement, Meezan Bank will provide additional value-added services of priority processing as well as fast track delivery of Toyota vehicles to customers of Meezan Car Ijarah
, Pakistan's first Riba-free car financing product.
In Saudi Arabia, an Ijarah
Sukuk was issued by Saudi Electricity Global Sukuk Company to finance the purchase of Ijarah
assets in the power and utilities sector.
Muzn Education Finance is based on the Islamic principle of Service Ijarah
. The Bank acquires the service from the educational institution, school or university of choice, provided they fulfill the bank's set criteria and terms of conditions.
With the listing of those issues, the total number of Treasury Bills and Short-Term Islamic Lease (Ijarah
) Sukuk listed at Bahrain Bourse became 23 issues with a total value of BD1.374billion.
KARACHI -- Meezan Bank, Pakistan's first and largest Islamic bank hosted the Car Ijarah
Dealers' Convention 2018 - A 10-day convention that hosted manufacturers and dealerships in Karachi, Multan, Faisalabad, Lahore, Islamabad and Peshawar.
The reduced rate aims to offer a speedy solution for people looking for ethical financing for home ownership, customers opting for the competitive rate will be able to purchase their property of choice under the principles of Ijarah
financing, reported local daily, Times of Oman .
The SECP had earlier notified three Islamic financial accounting standards for adoption: IFAS 1-Morabahah, IFAS 2- Ijarah
, and IFAS 3- Profit and Loss Sharing on Deposits in 2005, 2007 and 2013, respectively.
This included IFAS 1 Murabaha, IFAS 2 Ijarah
, and IFAS 3 Profit and Loss Sharing on Deposits in 2005, 2007 and 2013, respectively.