Usmani and Co logo

Call: +923003373121
+923192622336

(Sat - Thursday)

Mail us for help:

info@usmaniandco.com

10,11,12,13 Muslim Colony,

Block- B, SMCHS, Karachi

13 Nov 20

Sukuk Structuring – Understanding K-Electrics’ Sukuk

The successful issuance of K-Electric Sukuk back in 2015 led to another effective Sukuk issuance by K-electric in 2020. The Diminishing Musharakah Sukuk in 2015 was jointly arranged by Meezan Bank Limited and Habib Bank Limited and was awarded a rating of AA+ by JCR-VIS and A+ by Islamic International Rating Agency (Bahrain). It was […]
Read More

ISTISNA

[vc_row][vc_column width=”1/2″][vc_column_text] INTRODUCTION lstisna’ is a sale transaction where a commodity is transacted before it comes into existence. It is an order to a manufacturer to manufacture a specific commodity tor the purchaser. The manufacturer uses his own material to manufacture the required goods. In Istisna’, the price must be fixed with the consent of […]
Read More
18 Sep 20

Salam

In Salam, the seller undertakes to supply specific goods to the buyer at a future date in exchange for an advanced price fully paid at the spot. The payment is at the spot but the supply of purchased goods is deferred. Purpose of use: This mode of financing can be used by modern banks and […]
Read More
16 Sep 20

Musharakah

Hadiths e-Qudsi ”Allah Subhan-o-TaIIah has declared that He will become a partner in the business between two Mushariks until they indulge in cheating or breach of trust (Khayanah).” In another Hadiths-e-Qudsi, it is stated: “Allah’s hand is with both the partners unless any one of them indulges in cheating and when any one of them […]
Read More
14 Sep 20

Diminishing Musharakah

The concept of Diminishing lsharakah Another form of Musharakah, developed in the near past, is the ’Diminishing Musharakah’. According to this concept, a financier and his client participate either in the joint ownership of a property or equipment or in a joint commercial enterprise. The share of the financier is further divided into a number […]
Read More
01 Sep 20

Khiyars

The term khiyar refers to an option or right of tic buyer & seller to rescind a contract of sale. There are five Khiyars in a contract which are as follows: Khiyar-e-Shart (Optional condition) At the time of sale, the buyer or seller can put a condition that either party has an option to rescind […]
Read More
24 Aug 20

Sale

Sale (Bai) is commonly defined in Shari’ah as “the exchange of a thing of value by another thing of value with mutual consent”, For example, “the sale of a commodity in exchange for cash”. Valid Sale (Bai Sahih) A sale becomes valid if the following elements are present along with all other necessary conditions: Contract […]
Read More
21 Aug 20

ELEMENTS OF A VALID SALE

A valid Sale has four essential elements Contract of Transaction (Aqd) 1.1 Offer & acceptance (Ijab-o-Qobool) The term “Offer” means that one person proposes to either sell his commodity to another person or buy from him and “Acceptance” means that the person who has been offered gives his approval of the proposal. Offer and acceptance […]
Read More
20 Aug 20

Islamic Contract

We will start our discussion of the Islamic Contract with three terminologies of the Islamic Jurisprudence which are pertinent to be understood at the outset of this chapter. They are: Unilateral Promise (Wa’ da) Bilateral Promise (Muwa ’Adah or Muahaidah) Contract (Aqd) Unilateral Promise (Wa’da) It refers to a unilateral undertaking or promise extended by […]
Read More
10 Aug 20

Shared Prosperity – A catalyst for economic growth

The buzz words these days are ‘shared prosperity’, whether it is the promise of what ‘blockchain technology’ will bring in or the World’s Bank vision for a poverty less world. Shared prosperity is one in which when an economic development takes place, it is reflected in all segments of the society and is not just […]
Read More
We work with a passion of taking challenges and creating new ones in advertising sector.
About us

Newsletter

Subscribe our newsletter to get our latest update & news

Official info:

Open Hours:

Mon – Sat: 8 am – 5 pm,
Sunday: CLOSED

TWEETS: DR. Muhammad Imran Ashraf Usmani