Publication:
Commodity murabaha: does it violate Islamic norms? Note
Abstract
Recently commodity murabaha has run into disrepute due to court decisions going against the use of this instrument in Islamic banks. This brief note argues that at fault has been the structure of contracts and the excessive use of the instrument. In principle, commodity murabaha is doubtless rooted deep in the Islamic Shari'ah.
Keywords
Islamic finance , Commodity murabaha , Time value in price , Shari' ah intention and spirit
Citation
Zubair, Hasan. (2008). Commodity murabaha: does it violate Islamic norms? Note. MPRA Paper, 11736, pp. 1-2.
Publisher
Munich University Library