Munich Personal RePEc Archive

Commodity murabaha: does it violate Islamic norms? Note

Hasan, Zubair (2008): Commodity murabaha: does it violate Islamic norms? Note.

[img]
Preview
PDF
MPRA_paper_11736.pdf

Download (96kB) | Preview

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.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.