Kalimat

Some financial practices that do conform to the shari`a are and are thus Islamic are: 1. murabaha, which is a sale with a set margin of profit, a practice utilized by Islamic banks when involved in trade; 2. mudaraba, which is a setup by which capital is provided by one or more parties and expertise is provided by other parties, and the profits or losses are shared by all; 3. muqarada, which is the financing of a project, in which shares in the venture are given to the financier while the management is independent; 4. musharaka, which is equity sharing, in which full partners contribute both expertise and capital to a venture; 5. ijara / ijara wa-iqtina , which is leasing, possibly with the option to buy; 6. salam , which is a forward purchase contract, in which terms are set in advance; 7. muzara'a, which is sharecropping, in which a land's yield is split between an owner and a farmer; and 8. qard hasan, which is a straight loan, in which only the principal is returned.