The Islamic bank has been approached by a client to establish a letter of credit (LC)‎ for the import of goods from another country with a request to finance the import under a Murabahah facility

السؤال

The Islamic bank has been approached by a client to establish a letter of credit (LC) for the import of goods from another country with a request to finance the import under a Murabahah facility. The LC shall have the following payment terms to the supplier (beneficiary of the LC) : A. Twenty percent of the LC amount to be paid as an advance payment ; B. Forty percent upon arrival of the required documents drawn under the LC, representing shipment of goods ; C. Balance 40 % after 60 days from the date of documents arrival. Can the Islamic bank finance the above transaction by way of Murabahah ? If so, will there be separate Murabahah agreements signed with the client for each stage of payment ? Also, how shall the multiple payments to the supplier be treated when it comes to calculating Murabahah profit ?

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

الناشر

Islamic Finance News

تاريخ النشر

2013-05-15

دولة النشر

ماليزيا

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-784621

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