جدید معیشت،تجارت مروجہ اسلامی بینکاری میزان شریعت میں خصوصی اشاعت

the other hand the currently practiced version of murabaha is purely a financing tool. Bank undertakes a guarantee/promise from the customer that he/she will essentially purchase the desired product/item/good from the bank once the bank has acquired the item/good/product for the customer. This promise in itself becomes an agreement and includes the shariah related flaw of selling something you don’t own. While buying the desired stuff/item/good, the bank appoints this very same customer as its lawyer; this is not correct and becomes a mirror image of charging interest over a loan given to someone. In the currently practiced form of murabaha, profit is determined on the basis of the interest rate; this is gauged by using (KIBOR) and (LIBOR). Setting interest rate as the standard makes this agreement/deal/issue doubtful. Implementing/charging sadaqa in case of delay in the payment of an installment is plainly the charging of ‘interest’. In some types of murabahah, “At-tauraq-al-munazzam’ is found, which is unanimously considered to be haraam and is merely an excuse for interest. Ijara: The ijara conducted in Islamic banks is “Ijara Al-muntahiya-bittamleek”, this means a rental agreement that ends with the transfer of ownership of the said product/item/good. This entire process either happens within this one agreement, or happens at the end of this time limit via a