Ibra’

Ibra: Literally, ibra' means mutual estrangement and removal, as in I was absolved of debt when it was removed from me. It can also be defined as to release, eliminate or purify and to remove. Technically, ibra' means an act of absolving or dropping one's financial rights (to collect payment) from a person who has the obligation to repay the amount borrowed from him.


Is It Permissible for KFH to Grant a Deduction from the Full Amount of a Murabahah Contract to a Customer Who Wants to Pay the Loan Ahead of Time?
Discount For Early Payment
Ibra’ Clause In Financing Agreement
Ibra’ In Variable Rate Bai` Bithaman Ajil Product
A Discount for Accelerated Payment in a Delayed Payment Contract
Is It Permissible to Contract a Sale of Goods That Have a Defect on the Condition That the Defect Be Explained to the Him Before the Contract Is Concluded?
Is It Permissible to Make a Contract on Goods with a Stipulation That the Seller Is Free From Responsibility for Any or All Defects?
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 142nd Meeting
Giving a Rebate for Early Payment in a Deferred Purchase Sale
Additional Conditions In A Murabahah Contract
Can a Discount be Claimed for Early Payment in a Delayed Payment Sale?
Defects In The Subject Matter
Rebate for Paying the Debt Ahead of Schedule
Resolution No. 65/2/7: Deferred Instalment Sale
Early Settlement
What if an Islamic Bank Gives a Rebate to a Customer Who Pays a Debt Early, and Other Customers Expect the Same Treatment?
Can a Dealer Buy Back Cars from Customers and Pay the Bank the Outstanding Balances, on the Condition that the Customers Buy New Cars from the Dealer?

Islamic Financial System ©

 

 


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