An Islamic bank has issued a Murabahah-based documentary letter of credit (LC)‎

السؤال

An Islamic bank has issued a Murabahah-based documentary letter of credit (LC). The LC was based on a proforma invoice issued by the supplier containing description, quantity and price of the goods besides shipment date. The LC documents have been received in bank’s name as the purchaser (which is the Shariah requirement for the bank to enter into a Murabahah). However, the bank has noticed that the amount claimed under the commercial invoice drawn under the LC is higher than the amount mentioned in the proforma invoice, LC and the promise to purchase submitted by the customer. Shariah guidance is sought as to whether it is permissible for an Islamic bank to accept such discrepant documents, if the customer is ready to proceed with the transaction ; and purchase the same from the bank despite the said discrepancy.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

الناشر

Islamic Finance News

تاريخ النشر

2014-09-01

دولة النشر

ماليزيا

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-783192

• APA
• MLA
• AMA