Murabaha contract for the purchase orderer between Sharia controls and field applications
Keywords:
Simple Murabaha, Murabaha for the purchaser, Binding promiseAbstract
In this research paper, we addressed one of the most important Islamic financing contracts used by most Islamic banks, namely the Murabaha contract for the buyer's order. We clarified the difference between the Sharia-compliant Murabaha and the Murabaha for the buyer's order as practiced by Islamic banks today. We also highlighted the main criticisms of this contract and outlined the regulations that must be adhered to in order to avoid all the Sharia violations identified by scholars and jurisprudential assemblies, which in turn pose a risk that prevents clients from accepting and relying on it in their transactions.
Downloads
References
Al-‘Abbadi, L. A. (2015). Idarat al-Makhater al-Maliyyah fi A‘mal al-Sirfah wa al-Tamwil al-Islami. Amman, Jordan: Dar al-Fikr.
Al-Barr, Y. i. (1980). Al-Kafi fi Fiqh Ahl al-Madinah. Riyadh, Kingdom of Saudi Arabia: Maktabat al-Riyadh al-Hadithah.
Al-Dayban, D. M. (n.d.). Al-Mu‘amalat al-Maliyyah: Asalah wa Mu‘asirah. Cairo, Egypt: Dar al-Lu’lu’ah, Volume 12.
Al-Dusuqi, M. i. (n.d.). Al-Dawrah al-Khamisah, al-Juz’ al-Thani. Dar al-Fikr.
Al-Jawziyyah, M. i. (2014). I‘lam al-Muwaqqi‘in ‘an Rabb al-‘Alamin. Dammam, Kingdom of Saudi Arabia: Dar Ibn al-Jawzi, Volume Five.
Al-Kāsānī, A. B. (1986). Badā’iʿ al-Ṣanā’iʿ fī Tartīb al-Sharā’iʿ. Beirut: Dār al-Kutub al-‘Ilmiyyah.
Al-Masri, R. Y. (1988). Murabaha to the Purchase Orderer Sale in Islamic Banks. Journal of the Islamic Fiqh Academy, Jeddah, Fifth Session, Part Two.
Al-Sarakhsi, M. i. (No Date). Al-Mabsut. Egypt: Matba‘at al-Sa‘adah.
Al-Shafi‘i, M. i. (2001). Al-Umm. Al-Mansurah, Egypt: Dar al-Wafa’, Volume Three.
Al-Tijani, M. a.-T. (16 April 2016). Al-Tahawwut fi al-Mu‘amalat al-Maliyyah. Financial Seminar: Hedging in Financial Transactions – Regulations and Rulings. Jeddah, Kingdom of Saudi Arabia: Islamic Fiqh Academy.
Bakr bin Abdullah Abu Zayd. (1988). Murabaha to the Purchase Orderer, Promise-Based Sale. Journal of the Islamic Fiqh Academy, Fifth Session, Part Two.
Manẓūr, M. i. (1993). Lisān al-‘Arab. Beirut: Dār Ṣādir.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 The International tax journal
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
