Hasan, Zubair (2008): Commodity murabaha: does it violate Islamic norms? Note.
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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.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Commodity murabaha: does it violate Islamic norms? Note |
| English Title: | Commodity murabaha: does it violate Islamic norms? Note |
| Language: | English |
| Keywords: | Key words: Islamic finance; commodity murabaha; Time value in price; Shari’ah intention and spirit |
| Subjects: | G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages |
| Item ID: | 11736 |
| Depositing User: | Zubair Hasan |
| Date Deposited: | 25 Nov 2008 06:40 |
| Last Modified: | 02 Oct 2019 12:48 |
| References: | 1. Al Imam Al Tabari 1992, Jami Al Byan fi Tawil Al Qur’an (Tafsir Al Tabari) Dar Al Kutub Al Ilmiyyah Beirut, 2. Halim, Abdul 2001 The Deferred Contracts of Exchange: Al-Qur’an in Contrast with the Islamic Economists’ Theory on Banking and Finance, IKIM, Malaysia 3. Usmani, M. Taqi : 1998 An Introduction to Islamic Finance, Idaratul Ma’arif, Karachi, Pakistan. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/11736 |
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