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Message: <blockquote data-quote="itguy77" data-source="post: 31337768" data-attributes="member: 585331">TFSi dont have a deep understand in their business model. all  i see is they are very keen in saving and reinvesting rather than spending money on liabilities. compared to Sinhalese. and i find their Islamic loan process is somewhat better than interest based scheme offered to sinhalese.maybe im wrong/If Someone interested, here is brief introduction or explanation.Key Stages in the Islamic Loan Process:<ul> <li data-xf-list-type="ul">Application & Evaluation: You apply,, and the bank assesses your financial profile and the asset's value.</li> <li data-xf-list-type="ul">Asset Purchase: The bank purchases the required asset from the seller, taking on ownership risk.</li> <li data-xf-list-type="ul">Contract Execution: You and the bank enter a Sharia-compliant contract (e.g., <a href="https://www.google.com/search?q=Murabaha&sourceid=chrome&ie=UTF-8&mstk=AUtExfDGEp4Gf1hkVo407c1WI7HsxfOuPl_uElaLHVD58NZQjAC7EHm_kyLL6fMTDFqnBFWXOsqjNeN99UbxqaAKBFuWCEfdJMfxxRsA3VHXz0nZkGQ7S_a49W5WkZ0Wbkuku7vQR8tmd86GgSdrQpiRdS8R5lPcW_MevLG0vBlvAMyOktf6AVWXkQ7Yj8AvO_zgT-OE-9_mCzg_ElQiMoAMPAO_Gg&csui=3&ved=2ahUKEwjNh9OOmdyTAxVxe_UHHaPZL1gQgK4QegQIAxAD" target="_blank">Murabaha</a> for personal/business finance or <a href="https://www.google.com/search?q=Diminishing+Musharaka&sourceid=chrome&ie=UTF-8&mstk=AUtExfDGEp4Gf1hkVo407c1WI7HsxfOuPl_uElaLHVD58NZQjAC7EHm_kyLL6fMTDFqnBFWXOsqjNeN99UbxqaAKBFuWCEfdJMfxxRsA3VHXz0nZkGQ7S_a49W5WkZ0Wbkuku7vQR8tmd86GgSdrQpiRdS8R5lPcW_MevLG0vBlvAMyOktf6AVWXkQ7Yj8AvO_zgT-OE-9_mCzg_ElQiMoAMPAO_Gg&csui=3&ved=2ahUKEwjNh9OOmdyTAxVxe_UHHaPZL1gQgK4QegQIAxAE" target="_blank">Diminishing Musharaka</a> for home financing).</li> <li data-xf-list-type="ul">Repayment/Ownership Transfer: You pay installments to the bank, which includes a pre-agreed profit margin. In co-ownership, your payments increase your ownership percentage until the bank's share is bought out completely. FinDev Gateway +5</li> </ul>Common Islamic Financing Structures:<ul> <li data-xf-list-type="ul"><a href="https://www.google.com/search?q=Murabaha&sourceid=chrome&ie=UTF-8&mstk=AUtExfDGEp4Gf1hkVo407c1WI7HsxfOuPl_uElaLHVD58NZQjAC7EHm_kyLL6fMTDFqnBFWXOsqjNeN99UbxqaAKBFuWCEfdJMfxxRsA3VHXz0nZkGQ7S_a49W5WkZ0Wbkuku7vQR8tmd86GgSdrQpiRdS8R5lPcW_MevLG0vBlvAMyOktf6AVWXkQ7Yj8AvO_zgT-OE-9_mCzg_ElQiMoAMPAO_Gg&csui=3&ved=2ahUKEwjNh9OOmdyTAxVxe_UHHaPZL1gQgK4QegQIBRAB" target="_blank">Murabaha</a> (Cost-Plus): Used for purchasing assets. The bank discloses the cost and profit margin, reselling the item to you with a markup.</li> <li data-xf-list-type="ul"><a href="https://www.google.com/search?q=Diminishing+Musharaka&sourceid=chrome&ie=UTF-8&mstk=AUtExfDGEp4Gf1hkVo407c1WI7HsxfOuPl_uElaLHVD58NZQjAC7EHm_kyLL6fMTDFqnBFWXOsqjNeN99UbxqaAKBFuWCEfdJMfxxRsA3VHXz0nZkGQ7S_a49W5WkZ0Wbkuku7vQR8tmd86GgSdrQpiRdS8R5lPcW_MevLG0vBlvAMyOktf6AVWXkQ7Yj8AvO_zgT-OE-9_mCzg_ElQiMoAMPAO_Gg&csui=3&ved=2ahUKEwjNh9OOmdyTAxVxe_UHHaPZL1gQgK4QegQIBRAD" target="_blank">Diminishing Musharaka</a> (Co-Ownership): Commonly used for home financing. The bank and client jointly purchase property, and the client pays rent on the bank's share while buying it out gradually.</li> <li data-xf-list-type="ul"><a href="https://www.google.com/search?q=Ijara&sourceid=chrome&ie=UTF-8&mstk=AUtExfDGEp4Gf1hkVo407c1WI7HsxfOuPl_uElaLHVD58NZQjAC7EHm_kyLL6fMTDFqnBFWXOsqjNeN99UbxqaAKBFuWCEfdJMfxxRsA3VHXz0nZkGQ7S_a49W5WkZ0Wbkuku7vQR8tmd86GgSdrQpiRdS8R5lPcW_MevLG0vBlvAMyOktf6AVWXkQ7Yj8AvO_zgT-OE-9_mCzg_ElQiMoAMPAO_Gg&csui=3&ved=2ahUKEwjNh9OOmdyTAxVxe_UHHaPZL1gQgK4QegQIBRAF" target="_blank">Ijara</a>: A leasing agreement where the bank buys the asset and leases it to you, with ownership transferring at the end</li> </ul>My former boss’s former boss working in NDB.This fraud will likely cause him substantial trouble.</blockquote>

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