Islamic finance contracts and instruments practiced in Islamic banks : Murabahah [2]

Fatawa Question

Dear Mr. Monzer Assalam O Alykum Wa Rehmatullah Wa Barakatuh Hu Sir in quest of knowledge and research on Islamic Economic Order, at this stage (being of not reasonable financial profile to pursue out of Pakistan or to live in Islamabad) after having guideline from you and other economists and subject specialists I have decided to pursue course work of Ph. D. in Economics and for specialization and research work I will opt to go to an internationally recognized institution In Sha Allah. Furthermore want to know your opinion about "Murabahah". Mr. Nijatullah Siddiqui and some other economists have a very strict verdict about it. In their opinion it should not be considered as a mode of Islamic Banking. Please give your comments about "Murabahah Financing". Once again I am cordially thankful to you for the support and coordination you extended to me. Regards Asim

Fatwa

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Publication Date

2010-08-13

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Resale on profit

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730759

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