Employees of IP OOO TAIBA LEASING underwent training in the specialized online training program "Ijara and Murabaha."

On June 11-12, 2021, a specialized training was conducted by the Center for Islamic Banking and Economics (CIBE) AlHuda. The training was conducted by representatives of AlHuda CIBE, the Islamic Development Bank (IsDB), and the mutual insurance company "UZARO."

On June 11-12, 2021, a specialized training was conducted by the Center for Islamic Banking and Economics (CIBE) AlHuda. The training was conducted by representatives of AlHuda CIBE, Islamic Development Bank (IsDB) and the mutual insurance company "UZARO." in the following areas:

        Islamic teachings:

• Aqeedah;
• Ibadah;
• Muamalat;
• Muasharat;
• Akhlaq.

          Principles of Islamic economics. Financial transactions based on Sharia rules

• Murabaha;
• Ijara;
• Sukuk.

On the first day, the features of Murabaha financial transactions, prohibited elements in financial transactions, pillars (fards) of the transaction, the concept of property in Islam (7 conditions), Qabd (holding property in the hands of the owner), stages of concluding transactions (promise, intention contract, transaction), status of transactions (Sahih, Mavkuf, Fasid, Batil, Makruh), types of Murabaha: with installment payment (financing), ordinary resale with markup were discussed in detail.

On the second day, participants of the training became acquainted with Islamic financial instruments such as Ijara and Sukuk. Speakers elaborated on the differences between Ijara and leasing, the differences between Ijara and sales, sales with subsequent leasing, as well as the underlying assets, the structure of Sukuk, and the risks arising from the issuance of Sukuk, etc.