Dr.Monzer Kahf, a prominent economist and counselor states: Murabahah as practiced in Islamic banks is a form of sale contract. It is a sale with the objective of financing. The customer identifies a commodity and asks the Bank to buy it and then buys it from the bank as sale for deferred payment, which is also called “Bai bithaman ajil”. It is of course permissible.
Difference Between Murabahah and Sale
Did you like this content?
Recommended
Does masturbation break the Fast?
Sexual Intercourse During Ramadan
Kissing One’s Spouse while Fasting
Was Tarawih Prayer Started by Umar?
Does Madhi Break the Fast?
Wet dream during the day in Ramadan
Reading from a book while praying
Shortening and Combining Prayers
Using Mouthwash while Fasting
Getting Married in Ramadan
Top Reading