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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...

Accounting For Foreign Currency Fluctuations For Payment Of Murabaha Contract Foreign currency should be converted to the local base currency on the date of purchase of goods from the exporter. As for the fluctuations in...
	Foreign currency should be converted to the local base currency on the date of purchase of goods from the exporter. As for the fluctuations in...

Guarantee By Buyer For Goods Imported By Seller Under Murabaha 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,...
	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...

Murabaha Contract For Foreign Trade A Murabaha contract for purchase of foreign goods would include the following parties: • The Islamic Bank (“Bank”) • Bank’s client...
	A Murabaha contract for purchase of foreign goods would include the following parties: • The Islamic Bank (“Bank”) • Bank’s client...

Importing Goods On Basis Of Quotation Addressed To Buyer 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...
	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 For Import Of Goods Opened In Name Of Client 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...

Importing Goods In Name Of Buyer In Murabaha Contract A Murabaha transaction is one in which the seller buys goods requested by the buyer and sells them to the buyer at a cost plus an agreed upon...
	A Murabaha transaction is one in which the seller buys goods requested by the buyer and sells them to the buyer at a cost plus an agreed upon...

Importing Goods Under Special Permission To Be Sold Under Murabaha It is permissible to import goods to be sold on Murabaha the import of which is generally restricted but has specifically been permitted by the...
	It is permissible to import goods to be sold on Murabaha the import of which is generally restricted but has specifically been permitted by the...

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