ويحلّ
لهم
الطيّبات
ويحرّم
عليهم
الخبائث
-
الأعراف
Q7:157
"...He
(Allah) allows them At-Tayyibaat (all good and lawful) and prohibit
them Al-Khabaa`ith (all evil and unlawful)" [Q7:157]
AWQAF
Africa Islamic Finance ::
مالية
أوقاف
إفريقيا
الإسلامية
Model
of Equipment Financing is determined
firstly by determine the monthly
rental/lease rate of a similar piece of
equipment from the equipment
dealer/manufacturer or a rental agency.
We request the client to do the same.
The client and company finance officer
compare the results of the survey and
agree on a monthly lease/rental rate. We
never start from an interest rate on
money in Lagos, Cairo, Nairobi, New
York, Los Angeles or London. We start
from the utility value of the piece of
equipment. This concept is called
"Marking the item to the
Market." Interest rates are the
same through the USA regardless of the
economic condition of the city, locality
or state. When we mark things to the
market we directly reflect the utility
that is a function of the economy of an
area.
The
model calls for the financing entity to
purchase the equipment jointly with the
client and in a back-to-back agreement,
the client purchases the shares of the
financing entity at cost. In doing so,
there is no time-value of money. This
structure also conforms to requirements
of the banking regulators. The client
agrees to buy back the company’s
portion over a period of time. It is
called Repayment of Capital (R-of-C,
pronounced ‘ROFSEE’) to the company.
Return
on Capital (R-on-C, pronounced ‘RONSEE’).
It represents the property’s lease
value as explained in item 1 above and
is calculated based on a declining
equity model based on the property’s
economic value (utility). Using this
model, we calculate market value of the
car, not to a predetermined interest
rate like LIBOR or Prime Rates.
The
financing agreement consists of two
parts. The first is a loan agreement in
which the client returns the capital to
the company (Return on Capital). The
second is a lease agreement based on an
agreed lease rate, calculated based on
the declining equity stipulated by the
Return-of-Capital pay back agreement.
Based
on the agreement detailed above, a
promissory note is drawn. It details the
monthly payments representing the
Repayment OF Capital portion and the
Return ON Capital (lease) portion. To
comply with the U.S. regulatory
requirements and U.S. banking system
rules, the monthly payment streams are
plugged into a traditional amortization
program to calculate an implied interest
rate. This allows AWQAF Africa Islamic
Finance to satisfy the
"Truth-In-Lending" and
"Full and Complete Disclosure of
Implied Interest Rate" laws as
required by US Banking and lending
requirements. The models, and agreements
used for all transactions, are
exclusively developed by the Company to
provide services for the clients seeking
Islamic financing products
محررتنا
أم
عبد
الله
أديلابو
مديرة
هذا
الموقع
بإشراف
شيخنا
الشيخ
أبي
عبد
الله
أديلابو
و
إرشاده
-
حفظهما
الله
و
حفظ
أهلهما
-
Our
Editor And Director Is
Umm-Abdullah Adelabu Who
Is The Director Of This
Site With Supervision And
Guidance Of Our Sheikh,
Sheikh Abu-Abdullah
Adelabu (Ph. D Damas) -
May Allah (s.w.t.) Protect
Both Of Them And Their
Family
شيخنا:
الشيخ
عيد
الفتَّاح
أبو
عبد
الله
تائوو
أديلابو
Our
Sheikh Is: Sheikh Abdul-Fattah
Abu-Abdullah Taiwo Adelabu
(Ph.D. Damas)
s
Awqaf Africa (also known
or referred to as AWQAF)
serves all countries of
Africa: South, North,
West, East, and other
territorial geography of
the continent including
its islands in Pacific,
Atlantic, and
Mediterranean Seas as well
as Caribbea
s
Awqaf Africa seeks the
causes of suffering,
poverty, and Islamophobia
and tries to eliminate
them under the amiable
banner of Islam
s
Sheikh Abdulfattah Abu
Abdullah Adelabu (Ph. D.
Damas), a West African
Islamic Academic founded
Awqaf Africa, of which
he’s the first al Amir
(i.e. President).Sheikh Abu Abdullah
was studying Postgraduate
Degrees in Damascus early
1990’s during when Syria
reviewed its national
security including
immigration control...
s
Awqaf Africa is an
independent establishment
with a firm principle to
stay neutral and distance
itself from exploitations
by politicians, lobbies
from business prominent,
or affiliations with
military strugglings.Awqaf Africa
maintains Jihad or
Struggling For The Cause
of Islam is a faith as
well as a duty, and
therefore does not
champion any struggling
other than that of Islam
sWaqfs
[Awqaf] or Habs (i.e.
Endowments From al Amir,
Members Of ash Shura, And
Muslim Donors)
محررتنا
أم عبد الله أديلابو مديرة
هذا الموقع بإشراف شيخنا
الشيخ أبي عبد الله أديلابو
و إرشاده - حفظهما الله و
حفظ أهلهما -
Our Editor And Director Is
Umm-Abdullah Adelabu Who
Is The Director Of This
Site With Supervision And
Guidance Of Our Sheikh,
Sheikh Abu-Abdullah
Adelabu (Ph. D Damas) -
May Allah (s.w.t.) Protect
Both Of Them And Their
Family
شيخنا: الشيخ عيد الفتَّاح
أبو عبد الله تائوو أديلابو
Our Sheikh Is: Sheikh
Abdul-Fattah Abu-Abdullah
Taiwo Adelabu (Ph.D. Damas)
s Awqaf Africa
(also known or referred to
as AWQAF) serves all
countries of Africa:
South, North, West, East,
and other territorial
geography of the continent
including its islands in
Pacific, Atlantic, and
Mediterranean Seas as well
as Caribbea
s Awqaf Africa
seeks the causes of
suffering, poverty, and
Islamophobia and tries to
eliminate them under the
amiable banner of Islam
s Sheikh
Abdulfattah Abu Abdullah
Adelabu (Ph. D. Damas), a
West African Islamic
Academic founded Awqaf
Africa, of which he’s the
first al Amir (i.e.
President).Sheikh Abu Abdullah
was studying Postgraduate
Degrees in Damascus early
1990’s during when Syria
reviewed its national
security including
immigration control...
s Awqaf Africa is
an independent
establishment with a firm
principle to stay neutral
and distance itself from
exploitations by
politicians, lobbies from
business prominent, or
affiliations with military
strugglings.Awqaf Africa
maintains Jihad or
Struggling For The Cause
of Islam is a faith as
well as a duty, and
therefore does not
champion any struggling
other than that of Islam
s
Waqfs [Awqaf] or Habs
(i.e. Endowments From al
Amir, Members Of ash Shura,
And Muslim Donors)
You
can also
use the
window
bellow
to send
your
contact
us
direct
::
وكذالك
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بنا
مباشرة
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Name
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:
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:: بريدك الإلكتروني
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:: الجنس:
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:: عنوان المراسلة
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How did you hear about our site?
::كيف تعرفت عن هذا الموقع؟
A popular search engine
::موقع بحث شهير
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From a friend
::من صديق
Please place contents of contact here
:: فضلاً ضع محتويات الإتصال هنا
:
محررتنا
أم
عبد
الله
أديلابو
مديرة
هذا
الموقع
بإشراف
شيخنا
الشيخ
أبي
عبد
الله
أديلابو
و
إرشاده
-
حفظهما
الله
و
حفظ
أهلهما
-
Our
Editor And Director Is
Umm-Abdullah Adelabu Who
Is The Director Of This
Site With Supervision And
Guidance Of Our Sheikh,
Sheikh Abu-Abdullah
Adelabu (Ph. D Damas) -
May Allah (s.w.t.) Protect
Both Of Them And Their
Family
شيخنا:
الشيخ
عيد
الفتَّاح
أبو
عبد
الله
تائوو
أديلابو
Our
Sheikh Is: Sheikh Abdul-Fattah
Abu-Abdullah Taiwo Adelabu
(Ph.D. Damas)
s
Awqaf Africa (also known
or referred to as AWQAF)
serves all countries of
Africa: South, North,
West, East, and other
territorial geography of
the continent including
its islands in Pacific,
Atlantic, and
Mediterranean Seas as well
as Caribbea
s
Awqaf Africa seeks the
causes of suffering,
poverty, and Islamophobia
and tries to eliminate
them under the amiable
banner of Islam
s
Sheikh Abdulfattah Abu
Abdullah Adelabu (Ph. D.
Damas), a West African
Islamic Academic founded
Awqaf Africa, of which
he’s the first al Amir
(i.e. President).Sheikh Abu Abdullah
was studying Postgraduate
Degrees in Damascus early
1990’s during when Syria
reviewed its national
security including
immigration control...
s
Awqaf Africa is an
independent establishment
with a firm principle to
stay neutral and distance
itself from exploitations
by politicians, lobbies
from business prominent,
or affiliations with
military strugglings.Awqaf Africa
maintains Jihad or
Struggling For The Cause
of Islam is a faith as
well as a duty, and
therefore does not
champion any struggling
other than that of Islam
sWaqfs
[Awqaf] or Habs (i.e.
Endowments From al Amir,
Members Of ash Shura, And
Muslim Donors)
محررتنا
أم
عبد
الله
أديلابو
مديرة
هذا
الموقع
بإشراف
شيخنا
الشيخ
أبي
عبد
الله
أديلابو
و
إرشاده
-
حفظهما
الله
و
حفظ
أهلهما
-
Our
Editor And Director Is
Umm-Abdullah Adelabu Who
Is The Director Of This
Site With Supervision And
Guidance Of Our Sheikh,
Sheikh Abu-Abdullah
Adelabu (Ph. D Damas) -
May Allah (s.w.t.) Protect
Both Of Them And Their
Family
شيخنا:
الشيخ
عيد
الفتَّاح
أبو
عبد
الله
تائوو
أديلابو
Our
Sheikh Is: Sheikh Abdul-Fattah
Abu-Abdullah Taiwo Adelabu
(Ph.D. Damas)
s
Awqaf Africa (also known
or referred to as AWQAF)
serves all countries of
Africa: South, North,
West, East, and other
territorial geography of
the continent including
its islands in Pacific,
Atlantic, and
Mediterranean Seas as well
as Caribbea
s
Awqaf Africa seeks the
causes of suffering,
poverty, and Islamophobia
and tries to eliminate
them under the amiable
banner of Islam
s
Sheikh Abdulfattah Abu
Abdullah Adelabu (Ph. D.
Damas), a West African
Islamic Academic founded
Awqaf Africa, of which
he’s the first al Amir
(i.e. President).Sheikh Abu Abdullah
was studying Postgraduate
Degrees in Damascus early
1990’s during when Syria
reviewed its national
security including
immigration control...
s
Awqaf Africa is an
independent establishment
with a firm principle to
stay neutral and distance
itself from exploitations
by politicians, lobbies
from business prominent,
or affiliations with
military strugglings.Awqaf Africa
maintains Jihad or
Struggling For The Cause
of Islam is a faith as
well as a duty, and
therefore does not
champion any struggling
other than that of Islam
sWaqfs
[Awqaf] or Habs (i.e.
Endowments From al Amir,
Members Of ash Shura, And
Muslim Donors)
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