Murabaha is typically used for to facilitate the short term financing requirements of the customer. The following are the uses of Murabaha:
1: Purchase of raw material, goods and merchandise of all kinds and description.
2: Purchase of equipments.
3: Import of goods and merchandise.
4: Export financing (pre-shipment)
5: Other financing of working capital nature
Presently, the majority of financing extended by Islamic banks is based upon Murabaha.
No comments:
Post a Comment