Glossary entry (derived from question below)
Arabic term or phrase:
تمويل بالمرابحة
English translation:
credit-sales financing
Added to glossary by
Randa Farhat
Sep 1, 2004 11:46
19 yrs ago
Arabic term
تمويل بالمرابحة tamweel bil mooraabahat
Arabic to English
Bus/Financial
Finance (general)
Any idea about "mooraabahat"? Thanks...
Proposed translations
(English)
3 +3 | credit-sales financing | Randa Farhat |
5 +1 | cost-plus-financing | Aisha Maniar |
Proposed translations
+3
2 hrs
Arabic term (edited):
����� ���������
Selected
credit-sales financing
credit-sales financing
Murabaha is applied by certain Islamic banks by financing your purchases on credit (they pay for your purchase and own it then sell it to you through an installments-plan)
this bank, "Kuwait Finance House", a leader in 'Muranaha' in the local banking sector, calls its Murabaha: 'Credit-Sales'
http://www.kfh.com/english/commercial/Murabaha/index.asp
see first line, or click on sixth point "Legitimacy of Murabaha" which gives some explanation
http://www.kfh.com/english/commercial/Murabaha/index.asp#6
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Note added at 2 hrs 48 mins (2004-09-01 14:34:49 GMT)
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typo, a leader in \'Murabaha\'
Murabaha is applied by certain Islamic banks by financing your purchases on credit (they pay for your purchase and own it then sell it to you through an installments-plan)
this bank, "Kuwait Finance House", a leader in 'Muranaha' in the local banking sector, calls its Murabaha: 'Credit-Sales'
http://www.kfh.com/english/commercial/Murabaha/index.asp
see first line, or click on sixth point "Legitimacy of Murabaha" which gives some explanation
http://www.kfh.com/english/commercial/Murabaha/index.asp#6
--------------------------------------------------
Note added at 2 hrs 48 mins (2004-09-01 14:34:49 GMT)
--------------------------------------------------
typo, a leader in \'Murabaha\'
4 KudoZ points awarded for this answer.
Comment: "Thanks, Randa, seems like credit-sales financing is self-explanatory enough..."
+1
5 mins
Arabic term (edited):
����� ��������� tamweel bil mooraabahat
cost-plus-financing
This is a term in Islamic economics. Please see the link below for an explanation:
http://www.proz.com/?sp=h&id=570268
http://www.proz.com/?sp=h&id=570268
Peer comment(s):
agree |
tekki
: also called Muraabaha financing. Personally worked on the subject,
36 mins
|
yes, or commonly transliterated as "murabaha"; thanks for your input tekki :-)
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