Diminishing Musharakah by Yahya Asim

Top 20 FREQUENT WORDS

musharakah 39 diminishing 30 rent 30 client 28 purchase 27 agreement 24 agreed 19 features 18 investment 18 construction 17 ratio 16 shirkat 16 ijarah 13 amount 12 partner 12 price 12 financing 11 fixed 10 monthly 10 ownership 10 partners 10 renovation 10

DOCUMENT KEY POINTS

b the price of unit will not be agreed in this promise but promise to purchase should be at market value at the time of purchasing
there will be an agreement of shirkat ul aqd between both partners where in investment of everyone and ratio of profit will be agreed

at the time of purchase the price of unit will be decided on the basis of market value of business
rules of diminishing musharakah in shirkat ul aqd joint venture

and their intention is that one or both partners will use this asset or rent out their share and one partner undertakes to purchase the share of other gradually
features of diminishing musharakah in shirkat ul milk joint ownership two or more partners purchase any asset machinery property etc

asset will be purchased and everyone will be owner of this asset as per the ratio of his investment and all other rules of shirkatul milk will be applicable
there will be an agreement of shirkat ul milk and it will be decided how much investment will be made by each partner

one shareek can rent out his share to other partner or to a third party and ijarah agreement will be signed
within period of ijarah shariah rulings relating to ijarah will be applicable

one of the partners can promise to purchase the share of another partner and in this promise the price of unit may be decided
all the above mentioned agreements and undertaking should be independent and not linked up with each other

use of diminishing of musharakah in banking system diminishing musharakah usually being used in house financing for four purposes
purchase of house

the client in the approved area of the bank makes the choice of house
in this agreement it is decided to purchase the house jointly and ratio of investment by each one

bank divides its own part of asset into units which is promised by the client to purchase on pre agreed price

bank s monthly profit may also be decided as monthly rent of the house and principal amount will be recovered in the unit price
after taking possession of house bank rent out its share to the client by execution of ijarah agreement

rent for the rest of the period may be linked with agreed benchmark
in ijarah agreement a lump sum amount of rent is necessary to be fixed for a certain period

features for diminishing musharakah for construction of house there are two scenarios a
financing for purchase of plot construction

both the partners will be owners of the property in same ratio as the ratio of investment

bank will divide its own part of asset into units which is promised by the client to purchase on pre agreed price

bank s monthly profit may also be decided as monthly rent of the house and principal amount will be recovered in the unit price
after completion of house ijarah agreement will be signed and bank will give his share of house on rent to the client

in ijarah agreement a lump sum amount of rent is necessary to be fixed for a certain period

this value will be investment of client in musharakah agreement and bank s financing for construction will be investment of bank
it will also be agreed that client as working partner will be responsible for construction

both the partners will be owner of the property in same ratio as ratio of investment
bank will divide its own part of asset into units which is promised by the client to purchase on pre agreed price

bank s monthly profit may also be decided as monthly rent of the house and principal amount will be recovered in the unit price
after completion of house ijarah agreement will be signed and bank will give his share of house on rent

rent for the rest of the period may be linked with agreed benchmark
in ijarah agreement a lump sum amount of rent is necessary to be fixed for a certain period

valuation of house will be made and this value will be treated as investment of client in musharakah agreement and renovation amount will be considered as bank s investment
features for diminishing musharakah for renovation of house

musharakah agreement will be signed between bank and client in which investment of everyone will be agreed
both the partners will be owner of the house in same ratio as ratio of investment

bank will divide its own part of asset into units which is promised by the client to purchase on pre agreed price

bank s monthly profit may also be decided as monthly rent of the house and principal amount will be recovered in the unit price
after completion of renovation ijarah agreement will be signed and bank will give his share of house on rent

rent for the rest of the period may be linked with agreed benchmark
in ijarah agreement a lump sum amount of rent is necessary to be fixed for a certain period

valuation of house will be made and this value will be treated as investment of client in musharakah agreement and amount of loan paid by bank will be investment of bank
this product will be used only in those cases where someone has obtained interest based loan for house

both the partners will be owner of the property in same ratio as ratio of investment
musharakah agreement will be signed between bank and client in which investment of everyone will be agreed

bank will divide its own part of asset into units which is promised by the client to purchase on pre agreed price
according to the ratio of ownership each one is responsible for the loss

bank s monthly profit may also be decided as monthly rent of the house and principal amount will be recovered in the unit price
ijarah agreement will be signed and bank will give his share of house on rent to the client

rent for the rest of the period may be linked with agreed benchmark
in ijarah agreement a lump sum amount of rent is necessary to be fixed for a certain period

Please note, This is an auto generated summary based on sentances position in the document and other factors

DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\islamic banking

KeyWords

contract price sale asset financing lease client purchase ijarah payment profit musharakah lessee amount commodity housing agreement contracts ownership project

DOCUMENT REFERENCES

Number of Pages

37

Published Date

2016-09-17 00:25:27

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Diminishing Musharakah by Yahya Asim

Contents

Top 20 FREQUENT WORDS

DOCUMENT KEY POINTS

DOCUMENT WORD ANALYSIS

Main Category

KeyWords

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DOCUMENT REFERENCES

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Published Date

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