Malaysia

Islamic Banking

Christopher Lee and Farhana Emir. Wong & Partners, Kuala Lumpur. christopher.lee@wongpartners.com. farhana.emir@wongpartners.com

In our previous article we had discussed certain general Islamic concepts involved in Islamic financing which were Murabahah , Musharakah and Mudharabah . In this article, we propose to briefly discuss three other Islamic concepts, namely, Istisna , Salam and Al-Ijarah , which are applied in Islamic financing.