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
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