Māturīdī formulation: Takwīn is affirmed as a real eternal attribute, while creating, forming, giving life, and providing sustenance express its various relations. Their effects occur among temporal creatures.
Ashʿarī formulation: Rather than affirming takwīn as an additional independent eternal attribute, it is explained through the relation of power or the relation arising from the act of creation. This does not entail that created things themselves are eternal.
The actual disagreement concerns how attributes of acts are affirmed and whether takwīn is a distinct real attribute or a relational description. It is misleading to portray one side as affirming a Creator and the other as denying creation.