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    Bai Musawamah

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    ah7an
    The document outlines several types of Islamic financial transactions: Bai Musawamah refers to a normal sale where the cost price is unknown; Bai Murabaha involves a sale where both the cost and sale price are disclosed to the buyer; Bai Muqayada is a barter sale that excludes currency; Bai Surf involves the sale of gold, silver, or currency; Bai Salam is a sale where payment is made up front but delivery of the goods is deferred; Bai Istisna refers to a transaction where payment is made for goods before they are manufactured; and Bai Muajjal is a sale where delivery is made immediately but payment is deferred, though the cost remains unknown.

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    Bai Musawamah

    Uploaded by

    ah7an
    122 views1 page
    The document outlines several types of Islamic financial transactions: Bai Musawamah refers to a normal sale where the cost price is unknown; Bai Murabaha involves a sale where both the cost and sale price are disclosed to the buyer; Bai Muqayada is a barter sale that excludes currency; Bai Surf involves the sale of gold, silver, or currency; Bai Salam is a sale where payment is made up front but delivery of the goods is deferred; Bai Istisna refers to a transaction where payment is made for goods before they are manufactured; and Bai Muajjal is a sale where delivery is made immediately but payment is deferred, though the cost remains unknown.

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    The document outlines several types of Islamic financial transactions: Bai Musawamah refers to a normal sale where the cost price is unknown; Bai Murabaha involves a sale where both the cost and sale price are disclosed to the buyer; Bai Muqayada is a barter sale that excludes currency; Bai Surf involves the sale of gold, silver, or currency; Bai Salam is a sale where payment is made up front but delivery of the goods is deferred; Bai Istisna refers to a transaction where payment is made for goods before they are manufactured; and Bai Muajjal is a sale where delivery is made immediately but payment is deferred, though the cost remains unknown.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    122 views1 page

    Bai Musawamah

    Uploaded by

    ah7an
    The document outlines several types of Islamic financial transactions: Bai Musawamah refers to a normal sale where the cost price is unknown; Bai Murabaha involves a sale where both the cost and sale price are disclosed to the buyer; Bai Muqayada is a barter sale that excludes currency; Bai Surf involves the sale of gold, silver, or currency; Bai Salam is a sale where payment is made up front but delivery of the goods is deferred; Bai Istisna refers to a transaction where payment is made for goods before they are manufactured; and Bai Muajjal is a sale where delivery is made immediately but payment is deferred, though the cost remains unknown.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Bai Musawamah: It refers to normal sale in which cost price is not known. 2.

    Bai Murabaha: It refers to a sale in which cost and sale price is known to the buyer. 3. Bai Muqayada: It refers to barter sale excluding currency sale. 4. . Bai Surf: It refers to the sale of gold, silver and currency 5. Bai Salam: It is a kind of sale in which payment is spot while the delivery of the good is deferred. 6. Bai Istisna: It refers to such sale in which commodity is transacted before it comes into existence. It is basically an order to manufacture. 7. Bai Muajjal: It refers to such sale in which payment is delivery is spot while payment is deferred but cost is not known

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