عربي
Home


Fatawaa

Fatawaa

Subject : Ruling on the Murabaha Contract from Cities and Villages Development Bank
Fatwa Number : 2996
Date : 15-10-2014
Classified : Transactions & Marketing
Fatwa Type : Search Fatawaa

Question :

What is the ruling on merchandise Murabaha contract from Cities and Villages Development Bank ?



The Answer :

All perfect praise be to Allah. Blessings and peace be upon Prophet Mohammad.


The Iftaa` committee at the General Iftaa` Department reviewed the (attached copy of Murabaha contracts ) pertaining to Cities and Villages Development Bank and found that they adhere to the Islamic pillars and lack the restrictions and errors that render them invalid; therefore, there is no harm in dealing with them.


However, the Bank`s employee is in charge of making sure that the conditions for the validity of such transaction are met, and he should also consider every transaction separately. And Allah knows best.







Comments


Captcha


Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.