Category Archives: Uncategorized

UK Growth Plan mini Budget September 2022 Positives for Businesses (updated)

Corporation tax rate to remain at 19% . This is a reversal of the increase to 25% from 6th April 2023. A reward to businesses which create jobs and goods and services. This is now reversed by the new Chancellor. We weep corporation tax to remain 25% Shareholders who get paid dividend have the rateContinue reading “UK Growth Plan mini Budget September 2022 Positives for Businesses (updated)”

UK Growth plan 2022 Positives for Real Estate sector

Individuals Stamp duty land tax (SDLT) nil rate band expanded to GBP 250,000 from GBP 125,000. So no stamp duty land tax is payable if the property you buy costs less than GBP 250,000. If you are a first time buyer, then the Stamp duty land tax (SDLT) threshold increased from GBP 300,000 to GBPContinue reading “UK Growth plan 2022 Positives for Real Estate sector”

NFL 2022 Week 3 Odds, Pro Picks And Betting Insight Including Bills-Dolphins And Chiefs-Colts

NFL 2022 Week 3 odds and betting info and insight from the top sportsbooks and pro handicappers. Key games and most betting action include Buffalo at Miami and Kansas City at Indianapolis. Odds, insight and information you can bet on. NFL 2022 Week 3 Odds, Pro Picks And Betting Insight Including Bills-Dolphins And Chiefs-Colts

Islamic Financing: Mudharabah

Mudarabah financing is a kind of partnership where one partner contributes money (i.e. the financier) to another (entrepreneur, who contributes his expertise, skill, knowledge, labour, idea), for investing in a commercial enterprise. The investment comes from the first partner who is called “Rab-ul-Maal” while the management and work is an exclusive responsibility of the other,Continue reading “Islamic Financing: Mudharabah”

ISTISNA : Explained and Uses

Introduction Istisna’ is a sale transaction where an item is transacted before it comes into existence. It is an order to a manufacturer/contractor to manufacture/construct a specific item or asset for the purchaser (borrower). The manufacturer/contractor uses his own material to manufacture the required goods. In Istisna’, price must be fixed with the consent of all partiesContinue reading “ISTISNA : Explained and Uses”

MUSHARAKAH — Ace Group

Definition and classification of Musharakah The literary meaning of Musharakah is “sharing”. The root of the term “Musharakah” in Arabic comes from the word “Shirkah”, which means ‘being a partner’. Under Islamic jurisprudence, Musharakah means; “a joint enterprise formed for conducting some business in which all partners share the profit according to a specific ratio […]Continue reading “MUSHARAKAH — Ace Group”

Islamic Modes of Finance: Salam Alias Deferred Delivery Contracts

What is Salam? Bai‘Salam or deferred delivery sale is a forward contract wherein the price was paid in advance at the time of making the contract for the prescribed goods to be delivered at a later date. Unlike Murabaha (Cost plus Financing) and Ijarah (Lease), Salam was originally used as a financing mechanism for smallContinue reading “Islamic Modes of Finance: Salam Alias Deferred Delivery Contracts”

Mombasa Business Awards

Ace Group of Companies places 2nd Runners up in Best Medium Business Category at the ceremony held at the Sarova Whitesands Resort & Spa on 9th December 2016   Ace Group of Companies have been honoured to be nominated for for the Best Medium Business Award and Decade of Excellence in Business Award – MombasaContinue reading “Mombasa Business Awards”

IJARAH (LEASING)

“Ijarah” is a term of Islamic fiqh. Lexically, it means “to give something on rent”. This type of Ijarah relates to the usufructs of assets and not to the services of human beings. ‘Ijarah’ in this sense means “to transfer the usufruct of a particular property to another person in exchange for rent claimed fromContinue reading “IJARAH (LEASING)”