An Islamic bank has in its array of retail products, auto financing for its individual customers

السؤال

An Islamic bank has in its array of retail products, auto financing for its individual customers. The product is based on the Murabahah structure whereby the bank, based on the ‘promise to purchase’ from its customer, purchases the vehicle from the individual seller in the case of a used vehicle, or the dealer in the case of a new vehicle. It then sells the vehicle to the customer on a Murabahah basis with deferred payment terms, in installments. In the case of a used vehicle, the Islamic bank carries out an evaluation, which at times is more than the price demanded by the seller and sometimes less than it. Shariah guidance is required if the bank should purchase the vehicle based on the evaluation carried out by the bank or at the price offered by the seller. It is to be noted that in the majority of the cases the seller is identified and introduced by the customer to the bank.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

الناشر

Islamic Finance News

تاريخ النشر

2015-04-08

دولة النشر

ماليزيا

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-783037

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