It is permissible in the Shariah for a bank to appoint a shipping company as its agent to receive imported goods that are to be sold under a Murabaha.
Appointment Of Bank As Agent On Behalf Of Client
It is permissible for a bank’s client to grant agency to the bank or any of its employees to conclude a Murabaha transaction between the bank and...
It is permissible for a bank’s client to grant agency to the bank or any of its employees to conclude a Murabaha transaction between the bank and...
Commission To Murabaha Client In Event Of Agency
In such an event, the bank may pay its client agency commission in cash and add its value to the price of goods to be sold. The profit of the...
In such an event, the bank may pay its client agency commission in cash and add its value to the price of goods to be sold. The profit of the...
Amending Murabaha Contract
It is permissible in the Shariah to amend the Murabaha contract prior to its execution with the consent of both parties. However, unilateral...
It is permissible in the Shariah to amend the Murabaha contract prior to its execution with the consent of both parties. However, unilateral...
Ambiguity In Identity Of Buyer
It is a condition of a sale contract that the buyer be unambiguously specified. Therefore, such a request is not valid and it is necessary to...
It is a condition of a sale contract that the buyer be unambiguously specified. Therefore, such a request is not valid and it is necessary to...
The bank should, first of all, notify the client of such a commission. If it is agreed with the client that the bank is entitled to receive the...
Constructive Possession In Import Murabaha
In an import Murabaha when the bill of lading is received the party having received it is considered to have constructive possession of the goods.
In an import Murabaha when the bill of lading is received the party having received it is considered to have constructive possession of the goods.
Additional Costs Incurred In Murabaha Contract
It is permissible to stipulate in the contract that any additional expenses incurred in buying and procuring the goods may be added to the purchase...
It is permissible to stipulate in the contract that any additional expenses incurred in buying and procuring the goods may be added to the purchase...
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