Everest Financial

Ijara – Leasing in Islamic Finance

This concept is one of the most popular modes of Islamic Finance for Regulated Residential Home purchase plans which are compliant with Islamic Sharia rules of avoiding Interest or Riba. Contact Everest Financial Services for your Islamic Sharia Compliant Home Purchase plan. “Ijarah” is a term of Islamic fiqh. Lexically, it means “to give something […]

Istisna Explained and uses – Islamic Finance concepts series

Introduction Istisna’ is a sale transaction where an item is transacted before it comes into existence. It is an order to a manufacturer/contractor to manufacture/construct a specific item or asset for the purchaser (borrower). The manufacturer/contractor uses his own material to manufacture the required goods. In Istisna’, price must be fixed with the consent of all parties […]

Islamic Finance series – Mudharaba

What is Mudharaba? A partnership of those people who have funds and those who have skills like scientific, managerial, technical or professional skills. Principles are similar manner to hedge funds managers and investors. Mudarabah financing is a kind of partnership where one partner contributes money (i.e. the financier) to another (entrepreneur, who contributes his expertise, […]