A reputable rent-a-car company engaged in leasing vehicles to corporate clients has approached an Islamic bank seeking financing for the purpose of procuring new vehicles from the local market and overseas
Fatawa Question
A reputable rent-a-car company engaged in leasing vehicles to corporate clients has approached an Islamic bank seeking financing for the purpose of procuring new vehicles from the local market and overseas. Although financing is sought for four years, the customer does not want to use a Murabahah structure where the return is fixed, and is instead seeking a suitable structure with a floating return. Shariah guidance is sought in order to meet the requirements of the customer and the bank.
Fatwa
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Publisher
Publication Date
2013-08-28
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-784598
American Psychological Association (APA)
Hassan, Husayn Hamid. 2013-08-28. A reputable rent-a-car company engaged in leasing vehicles to corporate clients has approached an Islamic bank seeking financing for the purpose of procuring new vehicles from the local market and overseas. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-784598
Modern Language Association (MLA)
Hassan, Husayn Hamid. A reputable rent-a-car company engaged in leasing vehicles to corporate clients has approached an Islamic bank seeking financing for the purpose of procuring new vehicles from the local market and overseas. Kuala Lumpur Malaysia : Islamic Finance News. 2013-08-28.
https://search.emarefa.net/detail/BIM-784598
American Medical Association (AMA)
Hassan, Husayn Hamid. 2013-08-28. A reputable rent-a-car company engaged in leasing vehicles to corporate clients has approached an Islamic bank seeking financing for the purpose of procuring new vehicles from the local market and overseas. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-784598
