Principles in Practice Financing Murabaha Islamic Economics.

We need to know that the credit structure of Islamic financing is using the murabaha principle, so that in the course of the transaction fee payable no more that arise after all the price and margin requirements have been agreed by both parties.

There is no fee if we want to change the payment due from the date of receipt of goods if the deadline one week from the date of receipt of goods. This is very different from the way the credit system with the conventional structure in which any changes due will be charged the current rate of change of name the date of receipt of goods. Date of receipt of goods here is the date of maturity of the financing system.

Many of the benefits that would be obtained if the credit structure of Islamic finance with this murabaha principle if we want credit, and this seems to apply comprehensively in the principles of Islamic economic practice that is growing. With no fee after the loan agreement would be more attractive and profitable recipients. Imagine if in the middle period of our credit surcharge again or structure of interest rates up and down, of course it will hurt us when compared with murabaha practices that do not exist anymore after the fee structure agreed upon credit.

In times of credit that has not run out if we want our debt to be paid before the tenor finished then no more fees imposed in this Islamic principles. Administrative fee or penalty in case of repayment in the face of conventional credit system is a matter that must be met obviously very different from Islamic credit scheme that no fee, and penalty fees imposed on the range of 7.5% of the remaining principal debt. It is very large if the administration fee is charged if still in the early installments.

Why administration fee to cover this settlement of the conventional credit schemes? because the conventional structure for the early repayment of debt principal portion and the portion paid slightly larger rates. The installment is the part where some, including to pay principal and some other people to pay interest. The conventional way assume that the upfront payment is detrimental to his side so as to prevent that so as not to be so high repayment charges so that customers will think about it for not repaid. As for the credit scheme with the Islamic murabaha Principles There are no administrative fees, and repayment is done if things suck in customers have the fortune.