Murabahah and installment sale : Murabahah documentation

Fatawa Question

Dear Br. Dr. Monzer AssalamouAlaikum Wa Rahmatullah Wa Barakatuh Jazaka Allah for the reviewed Takaful document and the valuable comments. I will go through it soon and reply to the question raised. All of us are waiting for you. Are you coming alone or with the family ? I urgently need your advice on the following : We had a board meeting yesterday and a member has applied for a Murabahah, to purchase a car. He is a government servant and is entitled to 70 % duty free. He has decided to import the car himself and has obtained an import permit on his name and as such all payments / documents / customs formalities has to be done on his name to benefit the duty. He has a quotation / proforma invoice from a supplier from Japan. Can Al Barakah finance him through Murabahah and how to proceed. See you soon in Mauritius In Sha Allah. Doa for me. Jazaka Allah Wasalaam Best regards Raffick

Fatwa

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Publication Date

2010-02-07

Main Subjects

Religion
Law
Islamic Studies

Topics

• Islamic jurisprudence
• Purchasing
• Automobiles
• Resale on profit

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-734523

• APA
• MLA
• AMA