Commodity Murabahah definition

Commodity Murabahah means an Islamic transaction based on the Shariah principles of Murabahah (i.e. cost plus profit sale) and Tawarruq (i.e. tripartite sale);
Sample 1Sample 2Sample 3
Commodity Murabahah means the Syariah concept of cost plus sale where it involves the Customer purchasing commodity from the Bank at the cost plus profit and then selling it at cost price for the purpose of obtaining cash. The customer will make payment for the purchase of commodity on deferred terms
Sample 1Sample 2
Commodity Murabahah means the Syariah concept of cost plus sale where it involves the Customer buying a commodity and then selling it at cost plus profit. You will receive the proceeds of your sale in cash on deferred terms.
Sample 1Sample 2Sample 3

Examples of Commodity Murabahah in a sentence

  • Commodity Murabahah is a Tawarruq arrangement between the Bank, Customer, and Commodity Suppliers through Brokers.

  • Commodity Murabahah consists of two (2) sale and purchase contracts.

  • The Personal Financing-i adopts the concept of Commodity Murabahah via Tawarruq arrangement and Wakalah.

  • The Shariah concept applicable for this product is Commodity Murabahah (Tawarruq) whereby it refers to the trading of commodities which act as the underlying assets in two different level of transactions.

  • The Customer consents to the Bank utilising any part of the deposit placed for investment purposes before the execution of Commodity Murabahah Transactions.

  • Commodity Murabahah Transactions The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) to place the deposit.

  • The Shariah concept applicable for this product is Commodity Murabahah (Tawarruq) arrangement whereby it refers to the trading of commodities which act as the underlying assets in two different level of transactions.

  • The Bank’s benchmark COF reflects the costs of raising new funds and is based on the average Commodity Murabahah Term Deposit rates.

  • A Commodity Murabahah Term Deposit-i placement is made based on the Shariah principle of Murabahah.

  • KFH International Commodity Murabahah Deposit–i is a fixed rate term deposit account based on the Shariah concept of Murabahah (cost plus profit sale) and Tawarruq where the profit rate and profit amount is made to known to customer upfront.


More Definitions of Commodity Murabahah

Commodity Murabahah means a sale contract in respect of an asset/commodity with a disclosure of the asset cost price and profit margin to the buyer.
Sample 1
Commodity Murabahah means sale and purchase transaction for the financing of the Commodity based on deferred payment basis by way of Murabahah in accordance with the terms and conditions contained in the Commodity Transaction Documents.
Sample 1
Commodity Murabahah means the Shariah principle that refers to the sale of Commodities transaction, where the price consists of the Commodity Cost and a profit margin made known and agreed by all parties involved.
Sample 1

Related to Commodity Murabahah

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Agreement means any commodity futures contract, commodity swap, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of commodities or to otherwise manage commodity prices or the risk of fluctuations in commodity prices.

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Commodity intermediary means a person that:

  • Commodity means any material, article, supply, goods, or equipment.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Commodity Exchange Act means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

  • Agricultural commodity means all agricultural, aquacultural, silvicultural, horticultural, floricultural, or viticultural products, livestock or livestock products, Christmas trees, bees, maple syrup, honey, commercial fish or fish products, and seeds produced in this state, either in their natural state or as processed by the producer of the commodity. The kinds, types, and subtypes of products to be classed together as an agricultural commodity for the purposes of this act shall be determined on the basis of common usage and practice.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.