Any defect discovered in the goods is the liability of the seller. It is of no consequence if such defect is discovered subsequent to signing the...
Delivery Of Goods Bought Under Murabaha To Client
It is preferable for the bank to have its own storage space where the goods are stored up until they are delivered to the client. However, in the...
It is preferable for the bank to have its own storage space where the goods are stored up until they are delivered to the client. However, in the...
Delivery Of Goods To Client In Installments
Both parties to the Murabaha agreement may mutually agree as to the mode and phasing of delivery of goods. In such a case, if the delivery of goods...
Both parties to the Murabaha agreement may mutually agree as to the mode and phasing of delivery of goods. In such a case, if the delivery of goods...
A discount on advance payments is permissible. However, this is left at the sole discretion of the creditor (i.e. seller). It is not permissible to...
Essential Features Of Murabaha
In a valid Murabaha transaction, the seller must clearly and unambiguously stipulate the nature, origin and kind of goods to be sold and any other...
In a valid Murabaha transaction, the seller must clearly and unambiguously stipulate the nature, origin and kind of goods to be sold and any other...
Murabaha Transaction In Foreign Currency
It is permissible to execute a Murabaha transaction in a foreign currency. It should be converted to the local currency on the date of purchase of...
It is permissible to execute a Murabaha transaction in a foreign currency. It should be converted to the local currency on the date of purchase of...
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