Murabaha Accounting & Monitoring Sheet by Ahmed Ali
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Contents
Top 20 FREQUENT WORDS
murabaha 32 feb 12 date 8 monitoring 7 recording 7 profit 6 cbd 5 checking 5 declaration 5 advance 4 financing 4 moni 4 payment 4 transactions 4 account 3 accruals 3 client 3 corporate 3 culmination 3 customer 3 goods 3 income 3
DOCUMENT KEY POINTS
- murabaha recording o under ifas a murabaha basic difference in recording the transaction at the time of payment to the client for the pur goods on behalf of the bank the payment will in the account head named advance against m a c
- at the culmination of murabaha ie at the tim goods to the customers with signing of declar bank and the client the advance against mura will be adjusted with the murabaha financing
- o on february at the culmination of murabaha ie at the ti goods to the customers with signing of declaration by the bank and dr murabaha financing dr murabaha profit receivable cr advance against murabaha cr deferred murabaha income o at the time of booking of accruals profit rate each month entry would be passed accruing two months profit on february dr deferred murabaha income
- murabaha recording example continuesa o at the end of first month ie january no entry would be passed for accruals of profit as declaration h received from the customer
- mode direct ent date name matter indirect i m m d d s declaration outstanding cbd a auto spare pa d feb feb feb sep cbd b sugar cane d feb feb feb aug cbd c cotton d feb feb feb jun cbd d rice d feb feb feb aug
- murabaha checking moni murabaha monitoring sheet as per the guidelines of shariah advisor murabah mechanism mmm has been implemented at mbl timely receipt of declarations purchase evidenc monthly murabaha status sheet report date for the month march
- a c this will be a self monitoring sheet and will be used corporate sme incharge of the branch and head o ensure proper execution of murabaha transactions
- murabaha checking moni a c murabaha monitoring sheet mms will be prepare credit administration department cad for each br manually or through system which ever is available format given
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DOCUMENT WORD ANALYSIS
Main Category
- AlHuda Material\islamic banking
KeyWords
islamic risk murabaha minimum iifs NA customers financing customer banking profit credit maximum shariah underlying limit service corporate required mode
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DOCUMENT REFERENCES
Number of Pages
10
Published Date
2007-07-29 12:07:17
