Islamic Banking: Home Purchase Financings III: Murabaha and Tawarruq

2012 Oman Law Blog of Curtis, Mallet-Prevost, Colt & Mosle LLP

9 Pages Posted: 9 Jun 2013

See all articles by Michael J. T. McMillen

Michael J. T. McMillen

Curtis, Mallet-Prevost, Colt & Mosle LLP; University of Pennsylvania Law School

Date Written: October 2, 2012

Abstract

This article describes two generic structures used in Shari'ah-compliant home purchase financings: the murabaha (cost-plus sale) and tawarruq (pre-structured cost-plus sale). The same structures are widely used in commercial real estate financings, project and infrastructure financings, and a wide range of other financings.

Keywords: Islamic banking, Islamic finance, murabaha, sales, tawarruq, mortgage, house, home, real estate, project finance, infrastructure finance

JEL Classification: E40, E41, E44, F00, F02, F20, F21, F23, F30, G30, G21, G24, G29

Suggested Citation

McMillen, Michael J. T., Islamic Banking: Home Purchase Financings III: Murabaha and Tawarruq (October 2, 2012). 2012 Oman Law Blog of Curtis, Mallet-Prevost, Colt & Mosle LLP, Available at SSRN: https://ssrn.com/abstract=2276265

Michael J. T. McMillen (Contact Author)

Curtis, Mallet-Prevost, Colt & Mosle LLP ( email )

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University of Pennsylvania Law School ( email )

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