Instruments of Islamic finance are not referred to as loans' but rather as financing modes falling under

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Instruments of Islamic finance are not referred to as "loans' but rather as financing modes falling under one of the three categories: Profit-and-loss sharing (PLS), non-PLS contracts, and fee-based products.Read the article provided and answer the following questionsProvide the description of the following keyinstruments.

-Islamic Financial Instrument

Description

-Murbaah

(Mark-up financing)

-Ijrah

(Lease, lease purchase)

-Salem

(Prepayment, deferred delivery)

-Sukuk (Islamic bond)

-Mudrabah

(Trustee finance contract)

-Musharakah

(Equity participation)

Posted Date: May 18, 2024 05:02 PM

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Instruments of Islamic finance are not referred to as loans' but rather as financing modes falling under

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