An Islamic bank has been approached by a customer seeking import finance through letter of credit

السؤال

An Islamic bank has been approached by a customer seeking import finance through letter of credit. Generally, Islamic banks purchase goods from a supplier and sell the goods to the customer by way of Murabahah. Shipping documents including a commercial invoice and bill of lading are required to be issued in the name of the bank, evidencing that title and possession of the goods have been passed to the bank being a purchaser. However, in the subject scenario, the customer is a sole distributer of the supplier and it has been communicated by the customer that the supplier cannot issue the invoice in the name of the bank. Shariah guidance is sought to resolve the above situation.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

الناشر

Islamic Finance News

تاريخ النشر

2013-07-17

دولة النشر

ماليزيا

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-784608

• APA
• MLA
• AMA