Murabaha is defined as a particular kind of sale, compliant with shariah, where the seller expressly mentions the cost he has incurred on the commodities to be sold and sells it to another person by adding some profit or mark-up thereon which is known to the buyer. It is one of the most popular modes used by banks in Islamic countries to promote riba-free transactions. The ratio in which this instrument is being used varies from bank to bank. [1] Islamic economics is economics in accordance with Islamic law. ... Zakât (or Zakaat or Zakah) (English:tax, alms, tithe) (Arabic: زكاة, Old (Quran) Arabic: زكوة) is the third of the Five Pillars of Islam in Sunni Islam and one of the Branches of Religion in Shia Islam. ... In states ruled by Islamic law, jizya or jizyah (Arabic: جزْية) is a per capita tax imposed on non-Muslim adult males. ... In Sharia (Islamic Jurisprudence) from the arabic نصاب is the amount which savings or capital or product must exceed in order for the muslim owner to be obliged to give Zakat (Charity). ... Khums (derived from the Arabic خمس or five) is a Shia article of faith that refers to a one-fifth tax, which all adult Muslims who are financially secure and have surplus in their income normally have to pay on annual savings, net commercial profits, and all... Sadaqah is a Islamic Term that means voluntary charity. See also Alms Zakat Khums Category: ‪Islam-related stubs‬ ... Bayt al-mal is an Arabic term that is translated as House of money. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Riba is the (Arabic: ربا ) term for intrest, the charging of which is forbidden by the Quran here, among other places: And that which you give in gift (loan) (to others), in order that it may increase (your wealth by expecting to get a better one in return) from other... Takaful - Islamic Insurance ==]] “The basic fundamentals underlying the Takaful concept are very similar to cooperative and mutual principles, to the extent that the cooperative and mutual model is one that is accepted under Islamic Law. ... Sukuk is the Arabic name for a financial certificate. ... This is a sub-article to Islamic economical jurisprudence and inheritance. ... Islamic politics is the profession of Muslim politicians. ... This is a sub-article to Islamic jurisprudence and Marriage. ... Islamic criminal jurisprudence is the Islamic criminal law. ... This is a sub-article to Islamic jurisprudence and etiquette. ... Islamic theological jurisprudence is the filed of Islamic jurisprudence specialized in theological issues. ... This is a sub-article to fiqh and Hygiene Hygiene in Islam is a prominent topic but one which non-Muslims are not very familiar with. ... Sharia (Arabic شريعة also Sharia, Shariah or Syariah) is traditional Islamic law. ... Riba is the (Arabic: ربا ) term for intrest, the charging of which is forbidden by the Quran here, among other places: And that which you give in gift (loan) (to others), in order that it may increase (your wealth by expecting to get a better one in return) from other...

Use of the instrument of Murabaha is however restricted only to those cases where Mudarabah and Musharakah are not practicable. The accounting treatment of Murabaha and its disclosure and presentation in the financial statements also varies from bank to bank.

See also

• Islamic accounting