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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...

Commission From Foreign Bank In Consideration Of Opening LC 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...
	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...

Storage Charges Of Goods As Part Of Cost It is permissible to add storage charges incurred to the cost of goods.
	It is permissible to add storage charges incurred to the cost of goods.

Goods Imported Under Murabaha Delivered In Installments In such a case, separate Murabaha contracts should be drafted for each installment date.
	In such a case, separate Murabaha contracts should be drafted for each installment date.

Confiscating Earnest Money Upon Default It is permissible to confiscate earnest money in such a situation, provided that this was mentioned in the Murabaha contract.
	It is permissible to confiscate earnest money in such a situation, provided that this was mentioned in the Murabaha contract.

Expenses To Be Included In Cost Of Goods Purchased For Murabaha Transaction The cost of goods sold in a Murabaha contract should only be increased by expenses that directly relate to those goods and contribute to the value...
	The cost of goods sold in a Murabaha contract should only be increased by expenses that directly relate to those goods and contribute to the value...

Customs Clearing Agent Salary Accounted For In Cost Of Goods With regards to customs clearing agents working for the seller in a foreign country in order to facilitate the import of goods by the seller, all...
	With regards to customs clearing agents working for the seller in a foreign country in order to facilitate the import of goods by the seller, all...

Penalty On Promising Buyer For Default In Purchase Of Goods Such a penalty is not permissible as it falls within the definition of riba. Instead, the bank may choose to sell the goods to another buyer, and...
	Such a penalty is not permissible as it falls within the definition of riba. Instead, the bank may choose to sell the goods to another buyer, and...

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