MUSAWAMA (BARGAIN SALE):
- It is related to the cases, where the customer requests the company to buy a certain commodity, with the undertaking to buy back same from the company, after which the company buys from a third party with a cost determined without the interference of the customer; accordingly, the commodity is sold with a profit not known to the customer; the customer has the right to accept or reject the commodity after the company's acquisition, and if the customer accepts the commodity, it will be sold to him, upon which he will settle its cost to the company by installments as agreed upon.
MURABAHA (COST PLUS PROFIT) SALE:
- This method is exemplified in the cases where the company allows the customer to acquire some of commodities, instruments and equipment from within Qatar or from abroad. This is Done through an application from the customer requesting the company to import on his behalf a certain commodity, indicating its specifications, quantity and cost, and the company will accordingly import same in its name from abroad with the intent of selling it to the customer after its arrival with the cost price plus a specific profit known to the customer through agreement.
IJARA (LEASING):
- The company buys the property or shares of that property and leases it to a third party; the property may relate to a real estate or equipment or various instruments, and the deal is conducted after making a feasibility study and ascertaining its profitability and its conformity with the provisions of Islamic Shari’ah.
OTHER FINANCING ACTIVITIES:
- The contract conception for this type of dealings is based on lease (Ijara), and henceforth sale of the utility to the interested parties. The company has launched in this respect products that are assigned to contribute to the development of the community, such as educational services, training, financing services for holding events and ceremonies.
ISTISNA (Contract Manufacturing):
This involves the company entering into a contract with the client (the purchaser) to execute a specific project, bearing all costs related to materials and labor, and then delivering the completed project to the client for a predetermined amount on a specified date. Since the company currently does not own a contracting firm, it contracts with one or more contracting companies to execute the project, taking into account the client's approval of these companies.
MUDARABAH FINANCING (Profit-and-Loss Sharing):
This type of financing is based on the company providing its share of the capital requested by the client for the purpose of establishing a joint project, purchasing goods, or selling them. The company shares in the potential outcomes (profit or loss) in accordance with Sharia-compliant distribution rules agreed upon in advance. Mudarabah contracts cover various investment needs, such as importing goods or financing tenders, among others.
SALE OF BENEFITS:
The concept of the contract in this type of transaction is based on leasing (Ijarah) and then selling the benefit to those interested in it. The company has introduced products in this area that contribute to community development, such as education and training services, as well as financing services for organizing events and celebrations.