Sharia rulings of Bill Discounting and its Alternative
Uzair Usmani
Broschiertes Buch

Sharia rulings of Bill Discounting and its Alternative

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With the growing economic industry, the importance of bill discounting is not obscured any more. It is undoubtedly one of the most important tools of trade financing. Now it has become very easy for importers and exporters to sale any product to a complete stranger anywhere in the world and get the bill against it discounted before its maturity date. That is why this tool is in the practice of all conventional banks. But regarding to sharia rulings its prevailed practice in conventional banks is not sharia compliance as this transaction consists of debt sale and interest. But due to it's vital...