[The Islamic position concerning what is known as circular Murabaha sale within a single fixed ceiling]

Fatawa Question

What is the Islamic position concerning what is known as circular Murabaha sale within a single fixed ceiling, whereby a client is given authorization to purchase on behalf of the bank and then sell it to himself for an agreed upon fixed profit and within the limits of an agreed ceiling ?

Fatwa

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Publisher

Aafaq Center for Research in Islamic Economy

Publication Date

2015-07-14

Country of Publication

United Arab Emirates

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-723974

American Psychological Association (APA)

Aafaq Center for Research in Islamic Economy (Dubai, United Arab Emirates). 2015-07-14. [The Islamic position concerning what is known as circular Murabaha sale within a single fixed ceiling]. . Dubayy United Arab Emirates : Aafaq Center for Research in Islamic Economy.
https://search.emarefa.net/detail/BIM-723974

Modern Language Association (MLA)

Aafaq Center for Research in Islamic Economy (Dubai, United Arab Emirates). [The Islamic position concerning what is known as circular Murabaha sale within a single fixed ceiling]. Dubayy United Arab Emirates : Aafaq Center for Research in Islamic Economy. 2015-07-14.
https://search.emarefa.net/detail/BIM-723974

American Medical Association (AMA)

Aafaq Center for Research in Islamic Economy (Dubai, United Arab Emirates). 2015-07-14. [The Islamic position concerning what is known as circular Murabaha sale within a single fixed ceiling]. Dubayy United Arab Emirates : Aafaq Center for Research in Islamic Economy.
https://search.emarefa.net/detail/BIM-723974