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Credit blog is about credit description and typees of credit like credit card,mortgages,auto loan,personal loan and Islamic finance like Murabaha,Ijara,Salam,Istisna.
2018-03-22 13:16
Istisna is an exceptional mode of Sale, at an agreed price, whereby buyer place an order to manufacture, assemble or construct, or cause so to do anything to be delivered at a future date.Th… Read More
Islamic Mode Of Financing Salam
2018-03-18 06:09
Definition and ConceptSeller agrees to sell the commodity to the buyer at future date in exchange of the advanced price fully paid at spot.Price in cash but the delivery of goods is differed… Read More
Step By Step Murabaha Financing
2018-03-16 11:00
Murabaha means sale of goods by a person to another person under an agreement where seller is obliged to disclose the Cost of Goods Sold to the buyer either on cash bases or deferred payment… Read More
Islamic Modes Of Financing
2018-03-14 21:34
Islamic modes of  Financing is a Sharia compliant Financing based on no prohibition of financing,prohibition of Riba (Interest),Risk sharing,Materiality and Fairness / No exploitation.I… Read More
Islamic Financing
2018-03-13 10:57
Islamic Financing is an Islamic financing that is called Sharia Compliant Financing where a bank or any lending institution is abide by Sharia law (Quran and Sunnah).Islamic finance fea… Read More
Types Of Letter Of Credit
2018-03-12 09:14
There are different types of Letter of Credit some of them explained below.Irrevocable LCRevocable LCStand-by- LCConfirmed LCUnconfirmed LCTransferable LCBack-to-Back LCPayment at sight LCDe… Read More
Trade Finance
2018-03-12 08:07
Trade Finance is an activity between an exporter and a bank where bank finance the importer for his or her export transaction and LC (Letter of credit) is used for document purpose.Need of T… Read More
Letter Of Credit
2018-03-11 04:12
Letter of credit is a letter issued by a bank to another bank as a guarantee that payments would be made as per scheduled and full.In other words a letter of credit is issued by bank from th… Read More

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