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The Client’s Insurance Of Murabaha Goods
Is it permissible for the client to have the goods he pledges to purchase by way of a Murabaha through the bank, insured at his own expense?
It is not lawful for the client to insure the goods at his own expense since the goods are the property of the bank. It is only permissible that he insure them in the capacity of the bank’s agent with the understanding that he will recover the amount spent on insurance from the bank either by means of credit to his account or by having it deducted from the price of the goods in the Murabaha.

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