Search Islamic Finance Answers

1,000+ scholar-approved answers and growing...

Seller's Amendment Of Murabaha Contract Without Approval Of Buyer
Is it permissible to include a clause in a Murabaha contract where the seller has the authority to amend all conditions mentioned in the contract—including profit ratios—without recourse to the 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 the contract. Therefore, the profit ratios may be changed in the future but only with the consent of the buyer.

ASK AN ISLAMIC FINANCE QUESTION

Each question is reviewed by an Islamic finance expert and approved by a scholar.

Ask Now »

SEARCH ISLAMIC FINANCE Q&As

Browse one of the world's largest database of Islamic finance Q&As available online.

View details »

What’s New at Ethica

Press releases, live events, book recommendations, discount offers, and more

View details »