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Murabaha As A Sale Of Unpossessed Items
A Murabaha is not a sale of an unpossessed item because the contract of sale with the buyer is only concluded once the actual possession and...
 
Procedures To Be Adopted By Bank To Ensure Valid Murabaha Transaction
A Murabaha is a permissible mode of financing in the Shariah. However, it is often misused, such that, in substance, it takes the form of...
 
Murabaha Contract Bound By Time
It is permissible to set a time period for a Murabaha sale contract made with a promising buyer if agreed upon by both parties.
 
Seller’s Amendment Of Murabaha Contract Without Approval Of Buyer
It is impermissible to unilaterally amend a Murabaha contract. Any amendment made must be with the full knowledge and approval of both parties to...
 
Adding Bank’s Inter-Departmental Commission To Cost Of Murabaha
It is not permissible to add inter-departmental bank commissions to the cost of goods in a Murabaha contract. Such a commission is not considered...
 
Murabaha Sale On Commodity Owned By Promising Buyer
A Murabaha is a sale in which the seller sells goods owned by himself at a known cost plus profit. The transaction described in the question is not...
 
Selling Air Tickets Under Murabaha
It is permissible to sell air tickets under a Murabaha contract. It is best, however, to seek a Shariah opinion on the specific contract before its...
 
Selling Damaged Goods Under Murabaha
It is permissible to sell all permissible goods under Murabaha, provided that both parties to the contract agree upon the terms and the contract is...
 
Selling Asset To Insolvent Client
In case the seller comes to know of a client’s insolvency before delivery of the asset he has the right to withhold delivery.
 
Murabaha Transaction Through An Interest-Based Bank
Such a transaction is permissible in principle. However, in practical execution, there are a number of Shariah considerations involved. Therefore,...
 


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