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Um Muhannad

Um Muhannad

Answer to Question: What the Islamic Banks Call it Murabaha and the Shari Ruling Regarding it

Murabaha as a concept is permissible according to Sharia, but I believe that the current reality of Murabaha in Islamic banks is contrary to the Sharia, especially with our people here in Palestine, where the customer specifies the commodity with the merchant and agrees with him on the price and concludes an agreement with the bank and the bank buys the commodity and delivers it to the customer and the bank mortgages the commodity,

Headline News 05/09/2020

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