In general, the bank—who is the buyer of the goods—should accept responsibility and liability for the goods and ensure their safe arrival. However,...
Appointment Of Guarantor In Murabaha Sale
It is permissible to appoint a guarantor in a Murabaha sale on credit. The guarantor should be provided a letter which stipulates that guarantees...
It is permissible to appoint a guarantor in a Murabaha sale on credit. The guarantor should be provided a letter which stipulates that guarantees...
It is permissible for the bank to import goods under a Murabaha agreement based on a quotation issued under the name of the client. However, it is...
LC In The Client's Name In An Import Murabaha
In general, it does not affect the validity of the Murabaha transaction if the documentary credit mentions the client as the co-importer or sole...
In general, it does not affect the validity of the Murabaha transaction if the documentary credit mentions the client as the co-importer or sole...
It is permissible to include insurance expenses to the cost of goods being sold under a Murabaha. However, the insurance expense is not considered...
Insurance Cover On Goods Ordered Under Murabaha
It is permissible to obtain insurance cover on goods to be sold under Murabaha, though it is not necessary in the Shariah. However, if the...
It is permissible to obtain insurance cover on goods to be sold under Murabaha, though it is not necessary in the Shariah. However, if the...
Currency Conversion Rate for Imported Goods
In case of goods imported under a Murabaha, the bank should use the conversion rate prevailing on the day of purchase from the exporter.
In case of goods imported under a Murabaha, the bank should use the conversion rate prevailing on the day of purchase from the exporter.
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