Transparency is of utmost importance for IFIs so as to comply with Shari'ah as the Qur'an specifically forbids concealing evidence. Allah (s.w.t) says "And if you are on a journey and cannot find a scribe, then a security deposit [should be] taken. And if one of you entrusts another, then let him who is entrusted discharge his trust [faithfully] and let him fear Allah, his Lord. And do not conceal testimony, for whoever conceals it - his heart is indeed sinful, and Allah is Knowing of what you do." (Al-Qur'an, 2:283).
|How to Calculate the Selling Price in Murabahah|
|How to Calculate the Time-Value of Funds in Determining a Murabahah Price?|
|If Damage to the Ordered Goods Causes a Reduction in the Price, Does It Affect the Profit Asked?|
|Informing the Customer of LC Expenses after the Sale Contract Has Been Signed|
|Must the Intermediate Seller in Murabahah Pass a Discount on to the Purchase Undertaker?|
|Rounding up the Profit Rate if a Murabahah Deal is Paid off Earlier than Agreed|
|The Purchase Undertaker Wants to Pay the Difference in Price between What the First Seller is Charging and What the Intermediate Seller is Willing to Pay|