Author:
Abstract
Banking Murabaha provided by Islamic banks is an important source of financing and an alternative to usurious transactions offered by traditional banks, As it has proven its importance as well to meet the client's financing needs. This article shows the magnitude of the suspicions raised by the skeptics in the legality of the Murabaha sale, as well as the defects that some Islamic banks make during the practice of the Murabaha banking. It also shows the extent to which Islamic banks apply the Murabaha banking sale in terms of conditions that have been approved by the Islamic Fiqh Academy. It is extremely important to clarify this issue in order to find full knowledge of the main difference between Murabaha and usury.
Keywords
Abstract
Banking Murabaha provided by Islamic banks is an important source of financing and an alternative to usurious transactions offered by traditional banks, As it has proven its importance as well to meet the client's financing needs. This article shows the magnitude of the suspicions raised by the skeptics in the legality of the Murabaha sale, as well as the defects that some Islamic banks make during the practice of the Murabaha banking. It also shows the extent to which Islamic banks apply the Murabaha banking sale in terms of conditions that have been approved by the Islamic Fiqh Academy. It is extremely important to clarify this issue in order to find full knowledge of the main difference between Murabaha and usury.