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Islamic Finance 117 ★★★★★ (2)

Loan

Definition of Muraabahah financing بسم الله الرحمن الرحيم Muraabahah is a sale in which the seller discloses the original cost of an asset and sells it to the purchaser for that cost plus an agreed and known...

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Islamic Finance 137 ★★★★★ (2)

Financing purchase of a car

The ruling depends on the actual structure and terms of the agreement. A vehicle-leasing arrangement may be permissible, or it may be prohibited. A lease – Ijaarah - is not a sale. Under a genuine lease, the...

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