Murabahah and installment sale : website sale

Fatawa Question

Assalaamu 'Alaykum Dr Kahf Haroun here from Trinidad I have a question about the permissibility of a certain transaction. Many people sell through their websites and the product is drop shipped to the buyer by the wholesaler. Is this Halal. So the steps in the transaction are like this : 1) Buyer places retail order for product x through my website for $ 10-this includes filling in their credit card information 2) My website sends order request to ACME wholesaler who is a drop shipper 3) ACME, who has my credit card info, takes out the wholesale value from my credit card for $ 7 4) ACME sends the product to the buyer 5) So I, through my website, make $ 3 profit but I have not seen the product that the buyer got So this is what happens. I personally am not sure how and when the credit card companies actually move the real money. Is this Halal. BaarakAllahu Feeka Haroun

Fatwa

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Publication Date

2010-05-13

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-734537

• APA
• MLA
• AMA