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advanced int. trade house

Business TypeTrading Company
Main MarketsNorth America South America Western Europe Eastern Europe Ea
Product/ServiceFinancial, investment, fund
Business Owner
Employees5 - 10 People

Company Introduction

We are planning to be a leading investments and financial company operating in saudi arabia, covering, all gcc countries.

We got a large base of customers who aspire to conduct their investments and financial transactions on the lines of islamic sharia.

Islamic investment equity funds market is one of the fastest growing sectors within the islamic financial system. Currently there are approximately 100 islamic equity funds worldwide. The total assets managed through these funds currently exceed us$5 billion and is growing by 12-15% per annum. With the continuous interest in the islamic financial system, there are positive signs that more funds will be launched. Some western majors have just joined the fray or are thinking of launching similar islamic equity products.

The most famous products are:

The practical steps of mudharabah:

1. Establishing a mudharabah project

"our company and partners": Provides the capital as a capital owner.

The mudharib: Provides his effort and expertise for the investment of capital in exchange for a share in profit agreed upon.

2. The results of mudharabah

The two parties calculate the earnings and divide profits at the end of mudharabah. This can also be done periodically in accordance with the agreement and legal compliance.

3. Payment of mudharabah capital

"our company and partners": Recovers the mudharabah capital it contributed before dividing the profits between the two parties because profit is protection to capital. In case of agreement to distribute profits periodically before the final settlement it must be on account until the security of capital is assured.

4. Distribution of wealth resulting from mudharabah

In case of loss, the capital owner ("our company and partners") bears the loss.
Profits are divided between the two parties in accordance with the agreement between them with observance to the principle "profit is protection to capital".

The practical steps of the murabaha sale

1. The purchaser determines his needs

The purchaser: Determines the specifications of the commodity he wants and requests the seller to determine the price.

The seller: Sends a quotation valid for a certain period.

2. Signing a promise to purchase agreement

The purchaser: Promises to buy the commodity from the bank on murabaha sale for the cost of the commodity plus the agreed upon profit.

"our company and partners": Studies the request and determines the condition and securities for approval.

3. The first sale contract

"our company and partners": Notifies the purchaser of its approval to purchase the commodity. The bank may pay the price immediately or as per the agreement.

The seller: Expresses his approval to the sale and sends the invoice

4. Delivery and receipt of the commodity

"our company and partners": Authorizes the beneficiary to receive the commodity.

The seller: Sends the commodity to the place of delivery agreed upon.

The purchaser: Undertakes the receipt of the commodity in his capacity as legal representative and notifies the bank of the execution of the proxy.

5. The murabaha sale contract

The two parties ("our company and partners" and the purchaser) sign the murabaha sale contract according to the agreement of the promise to purchase.

Others products are:
Operating lease
Lease purchase
Permanent partnership
Decreasing partner

Contact Information

Contact PersonMr. abu mohammed
Fax Number966-1-4614544
Post Code
AddressTahliah St, Riyadh, Riyadh, Saudi Arabia
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