Corporate ijarah financing : a case of an Islamic commercial bank
Joint Authors
Said, Umar
Gul, Asad
Husayn, Wakar
Source
Journal of Islamic Business and Management
Issue
Vol. 8, Issue (s) (30 Jun. 2018), pp.250-259, 10 p.
Publisher
Riphah International University Riphah Centre of Islamic Business
Publication Date
2018-06-30
Country of Publication
Pakistan
No. of Pages
10
Main Subjects
Abstract EN
The Islamic banking industry facilitates both consumer and corporate clients by providing needed capital through different modes of financing.
The pre-requisites of financing the corporate clients are generally different from that of the individual customers.
This study discusses a detailed narrative of how a corporate customer, Sufi oil, availed financing from Bank Islami through ijarah ¯ mode of financing in a Shar¯i‘ah compliant way.
It discusses step by step procedure of dealing with corporate client starting from the first stage when a representative of the firm visited the Bank Islami and discussed the firm needs and the possible procedure and mode of financing.
The study provide a comprehensive insight in the internal procedures involved in evaluating each and every client.
Different branches and their respective role and responsibilities at the branch level and their interaction with the Head Office have been highlighted.
The study has also briefly discussed various risks that may encounter the transaction and the manner in which the perceived risks have been mitigated.
The focus of the study is to differentiate the corporate ijarah ¯ from the consumer ijarah ¯ in terms of both documentation and procedure.
The repayment schedule for the case is also described in detail along with the rent that the Bank Islami would be getting by leasing any vehicle to the corporate entity.
American Psychological Association (APA)
Said, Umar& Gul, Asad& Husayn, Wakar. 2018. Corporate ijarah financing : a case of an Islamic commercial bank. Journal of Islamic Business and Management،Vol. 8, no. (s), pp.250-259.
https://search.emarefa.net/detail/BIM-934190
Modern Language Association (MLA)
Said, Umar…[et al.]. Corporate ijarah financing : a case of an Islamic commercial bank. Journal of Islamic Business and Management Vol. 8, Special issue (2018), pp.250-259.
https://search.emarefa.net/detail/BIM-934190
American Medical Association (AMA)
Said, Umar& Gul, Asad& Husayn, Wakar. Corporate ijarah financing : a case of an Islamic commercial bank. Journal of Islamic Business and Management. 2018. Vol. 8, no. (s), pp.250-259.
https://search.emarefa.net/detail/BIM-934190
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p.259
Record ID
BIM-934190