Diversity of Islamic finance

Islamic finance is provided through a diversity of modes, including Salam(a contract of exchange with deferred delivery,the goods are defined and the date of delivery is fixed while payment is made on spot); Ijara (Islamic lease) ;Murabaha; Istisna’ (, applied to specified made-to-order items); 

Mudharaba (a partnership whereby one party provides capital (Rab al-Maal) and the other party provides labor (Mudharib); and  

Musharaka (a partnership, where two or more financiers provide finance for a project and all partners are entitled to a share in the profits resulting from the project in a ratio, which is mutually agreed upon. However, the losses, if any, are to be shared to exactly the same ratio.