The document discusses various concepts in Islamic banking including Murabahah, Salam, and Istisna. It defines these terms and explores the processes, conditions, and differences between them. Specifically, it addresses the definitions of Murabahah, how the contract is executed, what securities are involved, and potential issues. For Salam, it outlines the definition, legitimacy, differences from ordinary sales, conditions for price, subject matter and delivery, how the contract ends, and rules for parallel Salam. For Istisna, it provides the definition, conditions for price, commodity and delivery, differences from Salam, how parallel Istisna works, and the process flow.
The document discusses various concepts in Islamic banking including Murabahah, Salam, and Istisna. It defines these terms and explores the processes, conditions, and differences between them. Specifically, it addresses the definitions of Murabahah, how the contract is executed, what securities are involved, and potential issues. For Salam, it outlines the definition, legitimacy, differences from ordinary sales, conditions for price, subject matter and delivery, how the contract ends, and rules for parallel Salam. For Istisna, it provides the definition, conditions for price, commodity and delivery, differences from Salam, how parallel Istisna works, and the process flow.
The document discusses various concepts in Islamic banking including Murabahah, Salam, and Istisna. It defines these terms and explores the processes, conditions, and differences between them. Specifically, it addresses the definitions of Murabahah, how the contract is executed, what securities are involved, and potential issues. For Salam, it outlines the definition, legitimacy, differences from ordinary sales, conditions for price, subject matter and delivery, how the contract ends, and rules for parallel Salam. For Istisna, it provides the definition, conditions for price, commodity and delivery, differences from Salam, how parallel Istisna works, and the process flow.
2. Purpose of Islamic banking. 3. History of Islamic banking. 4. Islamic banking in 20th century. 5. Basis of Islamic banking. 6. Definitions of a. Murabahah b. Salam c. Istisna d. Ijarah e. Musharakah f. Mudarabah 7. MUDARABAH a. Definition b. Basic rules for Murabahah i. Subject matter ii. Price c. Financial Murabahah Instrument. d. Stages involved in Financial Murabahah e. Process flow for Murabahah transaction f. Securities in Murabahah i. Hamish jiddyah. ii. Earnest money. g. Issues in murabaha 8. Salam a. Definition b. legitimacy of Salam, hadith for Salam c. Difference b/w Salam and ordinary sale d. Conditions for price, subject mater, & delivery of commodity. e. How a Salam contract comes to end. f. Condition for changing of subject mater in Salam contract g. Parallel Salam h. Process flow for parallel Salam 9. Istisna a. Definition b. Condition for price, commodity, & delivery c. Difference B/w Salam and Istisna d. Parallel Istisna e. Process flow Note: Lectures delivered in the class is not enough, you are supposed to concern the books also. Annexure 1 of IDB circular No:02 of 2008 may be helpful for definition and other details (this can be downloaded from the group or www.sbp.org.pk)
Instructions for Exam:
Two different colors (for question, headings and answer) must be used. Each question must be started from next page. The question sequence must not be changed. If changed then write the page no and give a quick reference in the beginning of the Answer sheet. For example
Sno. Question no Page #
1 Question 2 1 2 Question 4 2 3 Question 1 3 4 Question 3 4 2 extra marks are allocated for instruction. First page must be used for your information. Following format must be used 1. Class (17A or17 B): 2. Registration no: 3. Name: 4. F/name: