Exchange Contracts

Exchange contracts include simple spot sales (bayʿ), sales creating debt like bayʿ mu’ajjal, salam, istisnaʿ, ijaarah, and work done for a reward (juʿaalah). See ISRA research paper; Maqasid al-Shari'ah in Islamic Financial Activities: Instituting The Means (Wasaa'il)(IRP 32).

Musawamah


Is It Permissible for a Person (Principal or Agent) to Quote a Price for Goods Before Taking Ownership of Them?
Is It Permissible for KFH to Buy Goods at the Prevalent Market Rate With a Possibility of Discount and Then to Sell Them to a Third Party on the Basis of Murabahah or Musawamah?
Can a Bank Choose to Execute a Sale at a Negotiated Price Rather Than Cost Plus Markup?
Is It Allowed for KFH to Purchase a Commodity from a Company Which Has Already Promised to Enter into a Deal with a Buyer?
Resolution No. 174: Adding a profit rate to the price quote of a commodity that the client wishes to purchase in murābaḥah
Can a Contractor Renegotiate to Get a Lower Price from Its Subcontractors without Passing the Discount to the Customer Who Accepted Its Original Price?
Can the Murabahah Seller Raise the Markup if the Deal Involves Advance Payment That Will Extend the Deal’s Timeline?
If the Goods Arrive before the Documents, and the Intermediate Seller Doesn’t Know the Actual Price, Can the Deal Be Switched to Musawamah?
Making the Original Seller the Bank’s Agent to Sell the Purchased Products to a Previous Prospective Customer
Must the Intermediate Seller in Murabahah Pass a Discount on to the Purchase Undertaker?
Selling Goods Based On Its Specifications
Shortfall in a Good Sold by a Calculation of the Amount
The Buyer Discovers a Defect in the Goods
Using Murabahah to Finance Charitable Projects
(الاتجار في حقوق الملكية الفكرية (الحقوق المعنوية
What is the Difference between Musawamah and Murabahah?

Murabahah


Can an Islamic Bank Share the Commissions Obtained by Its Correspondent Banks from Exporters on an LC?
Can the Commission the Bank Charges for Opening an LC Be Added to the Expenses Included in the Murabahah Price?
Letter of Credit
Obtaining LCs Without Adequate Funds
Taking Commission On Issuance and/or Confirmation Of LCs
Dual Promise in Commodity Murabaha
Can a False Statement Be Made to the Authorities to Facilitate Tawarruq?
Can the Bank Inform the Investor of His Expected Profit in Commodity Murabahah with Variations Based on the Currency Used?
Contract Of Sale And Currency Trading
Sukuk Murabahah of a Company That Mines Gold
Tawarruq Using Cement as the Commodity
Can a Murabahah Deal Be Combined with a Foreign Currency Exchange?
Can Usufruct or a Service Be Purchased and Then Resold to a Third Party?
Transfer of Contract With The Intention of Absconding One’s Responsibilities
Resolution No. 50 (1/6): Real Estate Financing
With respect to acceptable Murabaha sales, are the transactions described below permissible from a Shariah point of view?
تحديد سقف تمويلي لاستغلاله في تمويل صغار المهنيين بصيغة المرابحة
تمويل حق الامتياز التجاري بالمرابحة او الاجارة
مشروعية تمويل الأقارب في عمليات المرابحة
المرابحة بين الشركة الأم والشركات التابعة
المرابحة على بضائع مخزنة بمخازن مملوكة للبائع
شراء كمية البضاعة المطلوبة على دفعات في حالة المرابحة
شحن البضاعة باسم البنك دون أمره
استلام مستندات من المصدر تحمل اسم البنك والعميل في المرابحة
المستندات في المرابحة
تملك السلعة في الرابحة
تأجيل فترة المرابحة
تحديد سقف تمويلي لاستغلاله في تمويل صغار المهنيين عن طريق المرابحة
طريقة حساب الأرباح لمرابحة متساوية الاقساط
بيع السلعة مرابحة بالأجل
شراء وبيع سلعة بالمرابحة المؤجلة
امكانية تنفيذ المرابحات الحولارية
هوامش معاملات التمويل بالمرابحة
الغش والخداع من قبل العميل في عمليات المرابحة
الدليل التفصيلي لإجراءات المرابحة وفقًا للتسلسل الزمني
معالجة موضوع المرابحات بضمان ودائع
بيع المرابحة وخصم الأوراق التجارية
إدماج المصاريف المترتبة عن رهن العقار في تكاليف عملية المرابحة
تخفيض نسبة الأرباح في حالة سداد الدين قبل حلول أجل المرابحة
ربط نسبة الربح بالأجل زيادة أو نقصا في عقود المرابحة
تحويل عملية مرابحة فاسدة إلى قرض حسن
تمويل شراء سيارات للموظفين بالمرابحة
جدولة ديون المرابحات المتعثرة
تمويل مرابحات السلع الدولية
مرابحة السلع الدولية
مستندات المرابحة
مستندات الوعد بالشراء في المرابحة
تمويل الخدمات بالمرابحة
تمويل العقارات مرابحة
تسجيل الأرض في السجل العقاري
المرابحة في شراء أرض
تحديد مخصصات لعميل في البنك في بيع المرابحة مقابل ايداعه مبلغ مالي كضمان
شراء وبيع السيارات مرابحة
تمويل السيارات والسلع والتجهيزات مرابحة
شراء تجهيزات منزلية وبيعها للعملاء مرابحة
شراء السيارات من الوكيل الرسمي ثم بيعها مرابحة للعملاء
تحقيق أرباح عمليات المرابحة وما يخص كل سنة مالية من الأرباح
أرباح عمليات بيع المرابحة للآمر بالشراء وما يخص كل سنة مالية من تلك الارباح
استحداث عقد جديد في صورة شركة المرابحة للآمر بالشراء
تطبيق مقياس التناسب الطردي في الأرباح والتوكيل للبيع لنفس البائع في نطاق عمليات المرابحة
** شراء بضاعة لصالح العميل على دفعات في حالة المرابحة
** بيع الفضولي لمعالجة موضوع المرابحات بضمان ودائع
**مراجعة هامش الربح وفق تغيير سعد العائد المصرفي السائد في السوق
Is It Permissible to Accept Guarantee and Pledge from the Purchase Undertaker in Murabahah Sales?
* تعليق البيع لتاريخ مستقبلي في المرابحة
Who Bears the Fine in Murabahah Deals When the Customs Department Levies It on the Goods Due to a Delay in Receiving the Goods?
What Are the Shariah Rules of Delivery Terms in the Case of Exports and Imports in Murabahah Deals?
Is It Permissible for KFH to Engage in a Sale in Which a Customer Promises to Buy Goods from KFH Once KFH Purchases Them from the Exporter?
Is It Permissible for KFH to Sell Equipment to a Company Including Its Assembly on the Condition That Assembly Expenses Be Included in the Price of the Sale?
Is It Permissible for KFH When Selling Equipment to a Manufacturing Company to Ask for a Certain Percentage of the Company’s Annual Profits in Addition to the Price of Sale?
Is It Permissible for KFH to Deduct Expenses from the Customers’ Accounts After the Value of Goods Has Been Already Assessed in Murabahah Letters of Credit?
Is It Permissible for Someone to Buy from His Employer on Cash and Sell to His Own Company on Credit?
Is It Permissible for KFH to Sell Machines on a Murabahah Basis and Include the Price of Assembly Expenses in the Contract or Must They Be Deducted from the Machine’s Price?
Is It Permissible for KFH to Pay Fees to the Contractor in Cash on Behalf of Their Client and Consider Paying the Fees as a Murabahah Sale?
Is It Permissible for KFH to Enter into a Murabahah Contract to Buy a Factory Providing That the Factory Is Part of the Debtor’s Liability and the Debt Would Remain Even After KFH Owns the Factory?
Is It Permissible for KFH to Increase the Rate of Murabahah in Upcoming Deals with a Customer Who Frequently Make Late Payments of the Murabahah Installments?
Is It Allowed for KFH to Buy Goods on Cash and Sell Them on Murabahah Basis Then Repurchase the Final Product by Cash and Sells it on Murabahah Basis?
Is It Permissible to Enter into Murabahah to the Purchase Order Deal Providing That the Client and the Original Seller Had a Prior Contract?
What Is the Shariah Ruling on Receiving a Discount on Goods After They Have Been Sold to a Customer on Murabahah Basis? Is the Discount the Right of KFH of the Client?
Is It Permissible for KFH to Sell Something by MurÉbaÍah at a Profit Rate to Be Agreed Upon on the Day of Delivery?
Is It Permissible for KFH to Buy Goods at the Prevalent Market Rate With a Possibility of Discount and Then to Sell Them to a Third Party on the Basis of Murabahah or Musawamah?
Can the Agent for Investment Be the Guarantor of the Funding Recipient?
Can the Intermediate Seller Request a Guarantee from the Purchase Undertaker That Imported Goods Will Arrive in Good Condition?
Is it Lawful to Ask the Guarantor for a Guaranteed Check as a Security Deposit?
There Are Two Common Ways to Execute a Murabahah Sale; Are They Both Legal?
Appointing An Agent To Sell On Deferred Terms
Autonomous Agency Notice
Being The Agent Of An Exporter
Tasks Of An Agent: Selling On Deferred Terms
Is It Permissible for KFH to Grant a Deduction from the Full Amount of a Murabahah Contract to a Customer Who Wants to Pay the Loan Ahead of Time?
Is It Permissible for a Person Who Bought Goods from KFH on a Delayed-Payment murÉbaÍah Basis to Then Offer These Goods to KFH as His Agent to Sell These Goods?
Is It Permissible to Buy a House from a Woman and Then Sell It to Her Husband Who Promised to Buy It on Murabahah Basis?
What Is the Ruling on the Agreement for Purchase and Resale of a Plane Where KFH Purchases It Through a Partnership and Sells It Through Murabahah?
Is It Permissible to Pay the Commission Fee in Cash to the Purchase Undertaker and Add It into the Price of the Good?
What Is the SharÊÑah-Compliant Method for Concluding the Following Transaction to Purchase Central Air Conditioners from KFH?
Is It Permissible for KFH to Enter into a Foreign Currency Contract with a Client Who Also Ordered KFH to Purchase Goods from a Foreign Seller and Sells them to Him on Deferred Basis?
Resolution No: 13 (1/3)[1]: Concerning The Islamic Development Bank’s inquiries
Which Day’s Exchange Rate Should Be Used in Charging the Customer in a Murabahah Sale?
Can a Bank Choose to Execute a Sale at a Negotiated Price Rather Than Cost Plus Markup?
Can a Bank Stipulate Up-Front That, if a Customer Misses a Payment, He Must Pay Two Instalments?
Can a Buyer of Real Estate Stipulate the Right of Annulment if any Problems Are Found with the Property?
Can a Holding Company Sell a Good to a Partially-Owned Subsidiary if It Owns Less Than 50% of the Subsidiary?
Can an Islamic Bank Sell by Murabahah to a Usurious Institution That Will Probably Sell the Goods by Interest-Based Deals?
Does the Customer Who Purchased a Car Have a Right to Benefit from the Discount Given to KFH After Completion of the MurÉbaÍah Deal with Him?
Is It Permissible for Any Party of the Contract to Increase the Value of the Contract After Signing It and Concluding the Sale?
What Is The Shariah Ruling on a Sale Contract When the Price Is Collected Before the Goods Reach the Country?
Would KFH Be Held Responsible in Case the Shipping Company Acknowledged That the Goods Were Sound But Then Failed to Make the Delivery?
Is It Permissible to Deliver the Goods Which Have Arrived Before Their Documents to the Client in a Murabahah Agreement?
Is It Permissible for the Buyer in Murabahah to Agree with the Original Seller to Return the Goods If All of Some Were Not Sold?
Is It Permissible for KFH to Sell Goods on the Basis of Murabahah to a Company That Will Resell the Goods on Installments and Will Stipulate an Interest Payment in Case of Delay?
What is the Shariah View on How to Calculate the Sale Price in a Murabahah Transaction?
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 139th Meeting
Deferred Sale of a Precious Metal Other Than Gold or Silver
Deferred Sales of Shares in a Company Whose Cash Assets Exceed Its Tangible Assets
A Combined Cash and Credit Sale
A Customer Approaches the Bank for Murabahah after Having Concluded an Agreement with the Exporter
A Discrepancy is Found in Murabahah Goods That Were Sold before Possessing Them
A Murabahah Contract That Involves Installation by the Original Seller in Stages Linked to Installment Payments by the Intermediate Seller
A Murabahah Deal Where the Original Seller Turns out to be the Spouse of the Purchase Undertaker
A Murabahah Sale in Which the Intermediate Seller Stipulates That the Original Seller Will not Be Paid until the End Buyer Tests It
A Pre-Existing Contract Between the Original Seller and the Purchase Undertaker in Murabahah
Adding Assembly Expenses to the Cost of a Murabahah Deal for Machinery
Any Link between the Insurance Settlement for Damaged Goods and the Seller’s Settlement with the Purchase Undertaker?
RESOLUTION No. 76/7/8: PROBLEMS OF ISLAMIC BANKS
RESOLUTION No. 74/5/8: SHARI'A APPLICATIONS FOR THE ESTABLISHMENT OF THE ISLAMIC MARKET
Resolution No. 118: Purchasing an oil company with equipment and selling it to the client on a deferred payment basis
Resolution No. 119: The purchasing client providing a security deposit to guarantee the good usage of the property
Resolution No. 152: The Trade Line Scheme that the Corporation wishes to use in dealing with its clients
Resolution No. 174: Adding a profit rate to the price quote of a commodity that the client wishes to purchase in murābaḥah
Resolution No. 184: Gifts offered by the Corporation to its clients for purchasing traveller’s checks
Additional Conditions In A Murabahah Contract
Asking the Customer for a Share of His Profits as Payment for a Murabahah Sale
Authorizing the Buyer to Act as the Seller’s Agent in Buying from the Exporter and Selling to Himself
Buying A Portion Of A Land Through Murabahah
Buying Commodities in One Currency and Selling it in Another Currency
Can a Building on State-Owned Land Be Sold by Murabahah without the Land It Sits on?
Can a Contractor Renegotiate to Get a Lower Price from Its Subcontractors without Passing the Discount to the Customer Who Accepted Its Original Price?
Can a Discount be Claimed for Early Payment in a Delayed Payment Sale?
Can a Murabahah Deal Be Combined with a Foreign Currency Exchange?
Can a Murabahah Sale Include Installation and Start-up Operational Costs?
Can an Islamic Bank Facilitate the Import of Meat That Is Not Islamically Slaughtered?
Can an Islamic Bank Sequester Funds in the Account of a Customer Who Applies to Open an L.C.?
Can Murabahah Occur if the Prospective Buyer Has Already Given the First Seller a Down Payment?
Can One Buy Shares of Jointly Owned Property and then Sell Them to One of the Partners by Murabahah?
Can the Murabahah Seller Raise the Markup if the Deal Involves Advance Payment That Will Extend the Deal’s Timeline?
Can the Primary Seller Give a Performance Award to the Murabahah Buyer for Retail Sales of Its Products and Ignore the Middleman?
Can the Seller in a Murabahah Sale Retain the Goods as Security until the Buyer Pays for Them?
Charging the Purchase Undertaker for Assembly of Purchased Equipment
Contractual Agreements Prevent the Intermediate Murabahah Seller from Buying the Good at the Cheapest Available Price
Damage to or Loss of the Purchased Good
Deferred Guarantee in A Murabahah
Delay in Setting the Profit Margin of a Murabahah Sale to the Day of Delivery
Delay in Setting the Profit Margin of a Murabahah Sale to the Day of Delivery
Does the Buyer Have a Right to the Discount Given to the Intermediate Seller?
Fine Imposed by The Customs
Giving the Bank’s Accountholders a More Attractive Price than Non-Customers
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?
If the Goods Arrive before the Documents, and the Intermediate Seller Doesn’t Know the Actual Price, Can the Deal Be Switched to Musawamah?
If the Party That Promises to Buy a Good and Resell It to a Customer Does Not Buy It, Is Any Compensation Due?
Informing the Customer of LC Expenses after the Sale Contract Has Been Signed
Increasing the Profit Rate on Subsequent Murabahah Deals Due to Late Payments in Earlier Deals
Insurance Compensation for Damaged Goods Exceeds the Actual Loss; What to Do with the Excess?
Is It Lawful for the Bank to Ask the Purchase Orderer to Guarantee It against Damages Caused to the Bank by the Primary Seller?
Is the Importer’s Acceptance of Some Items on the Exporter’s Quotation List a Contract That Prevents Effecting a Murabahah Contract
Joint Purchase Followed by a Murabahah Resale to One of the Partners
Murabahah Purchase of a Factory with Its Outstanding Debt
Murabahah to Buy Cassettes Containing Music
Must the Intermediate Seller in Murabahah Pass a Discount on to the Purchase Undertaker?
Period Of Verification
Rebate for Paying the Debt Ahead of Schedule
Rounding up the Profit Rate if a Murabahah Deal is Paid off Earlier than Agreed
Selling Construction Materials by Murabahah
Selling Construction Materials by Murabahah
Selling Plane Tickets by Delayed-Payment Murabahah
Structuring a Construction Contract as Murabahah with a Mark-up Charged on Payment for Labor
The Buyer Pre-Signs a Murabahah Contract and Deposits an Advance Payment before the Seller Buys the Goods
The Customer Colludes with the Bank’s Agent to Get Financing by a False Sale
The End Buyer Wants to Pay the Original Seller a Sum to Settle a Price Dispute between the Original Seller and the Intermediate Buyer
The First Seller Demands Earnest Money from the Purchase Undertaker
The Intermediate Murabahah Seller Uses the Purchase Undertaker’s Import License to Import the Goods
The Murabahah Buyer Buys from One Department of the Bank and then Sells the Same Goods to Another Department
The Murabahah Purchaser Returns Goods to the Original Seller
The Purchase Undertaker by Deferred Payment Wants to Sell the Good before Completing the Payments
The Purchase Undertaker Does Not Want the Intermediate Seller to Incur Added Expenses for Insurance against Certain Risks (2)
The Purchase Undertaker Requests the Intermediate Seller to Pass on Insurance Compensation for Damaged Goods
The Purchase Undertaker Wants to Avoid the Expense of a Third-Party Inspector of the Goods before Shipment
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
The Purchase Undertaker Wants to Return Unsold Goods to the Original Seller
The Seller Wants to Sell in the Local Currency but the Buyer wants to Record the Sale in a Foreign Currency
Using Murabahah to Finance Charitable Projects
(الاتجار في حقوق الملكية الفكرية (الحقوق المعنوية
عمولة شركات التأمين على السلع المبيعة مرابحة
معالجة عمولات فتح الاعتمادات/ التحصيل في حالة تمويل المرابحة الخارجية
عمولة الموردين عن السلع المبيعة
فرض عقوبات في حالة مماطلة المرابح
تمويل رأس المال العامل من خلال الوكالة بالاستثمار
عمولة شركات التأمين على السلع المبيعة مرابحة
الجهة التي تتحمل تكاليف التأمين في المرابحة
التعامل مع شركات التأمين التقليدي
تحمل المشتري البضاعة المراد شراؤها بالمرابحة
تعويض العميل من قيمة البضاعة التالفة قبل تسلمه إياها
تحويل عملية مرابحة فاسدة إلى قرض حسن
Resolution No. 65/2/7: Deferred Instalment Sale
Double Guarantee in Murabahah
Engaging In Murabahah To Buy Shares
Extension of Murabahah Period
Increasing A Murabahah Contract’s Period And Consideration
Insurance Premium
Issuance Of An LG Under A Murabahah Transaction
Kafalah In A Murabahah Transaction
Murabahah Debt Restructuring with Central Banks as Guarantor
Murabahah Mudawarrah (Circulated Murabahah)
Murabahah Mudawwarah: Actual Or Constructive Possession
Murabahah: Guarantee by The Customer for Damages
Pre-murabahah Transaction
Pre-murabahah Transaction: Agency
Resolution No. 50 (2/6): Rulings on Installment Sales
Settling The Debt Of A Murabahah With Another Murabahah
Cancelling A Murabahah Contract
Early Settlement
Guarantee In A Murabahah Contract
Incidental Murabahah Expenses
Murabahah On Shares
Murabahah Structure
Murabahah Transaction With A Foreign Company
Murabahah With Exporting And Importing Companies
Murabahah+Agency
Owning Goods Before Selling It
Revision Of Murabahah Price
Using Murabahah In Cigarette-Related Sales
Various Issues
What Expenses Can Be Factored into the Price to Which the Mark-up is Added
What if the Buyer Asks the Installer to Implement Design Changes during Installation, and Only Informs the Seller after the Fact?
What is the Difference between Musawamah and Murabahah?
What Is to Be Done if the Original Seller Does Not Deliver the Good to the End Buyer?
What Is to Be Done if the Supplier Is Unable to Deliver Some of the Sold Goods?
What Is to Be Done in Murabahah about Anomalies in Delivery of the Subject of the Sale?
What to Do If a Murabahah Transaction Was Disrupted by War and the Supplier’s Price Has Gone Up?
When Does an Agent Record the Profit from Murabahah on Behalf of His Principal?
When the Customer Can Be Charged for Shipping and Insurance
When the Goods Arrive before Their Shipping Documents
When the Purchase Undertaker Is a Distribution Agent for the Exporter
If Some of the Goods Are Damaged, Must the Price Be Adjusted?
Marine Insurance for 110% of the Goods’ Value, Taking into Account Shipping Expenses among Other Factors
Transferring the Right to Benefit from Insurance to a Purchase Undertaker after the Sale
Circulation of Shares
Ijarah Sukuk And Shari’ah-compliant Securities As Underlying Assets In Tawarruq Transactions
A Purchase Undertaking and Earnest Money for Murabahah
A Purchase Undertaking and Earnest Money for Murabahah
Is a Purchase Promise Binding?
A Penalty Clause for Delay in a Murabahah Contract
A Difference in Profit Share of Jointly Owned Property
When Manufacturing Occurs between Sale and Buy Back
Trading in Statues
The Purchase Undertaker Becomes Unable to Pay for the Good After the Bank Has Purchased It
The Agent Buys the Good Back from the Principal
Selling to Someone Who Will Resell Using Interest-Based Contracts
Selling to Someone Who Will Resell by Charging Interest
Selling Platinum for Deferred Payment
Selling Gold Jewelry Set with Gems by Deferred Payment
Sale and Buy Back without Stipulation
What Constitutes Possession (Qabd)?
Offering a Discount for Paying on Time in a Deferred Purchase Sale
A Discrepancy is found in Murabahah Goods That Were Sold before Possessing Them
Who Bears Unexpected Demurrage Charges in a Murabahah Contract?
Can an Investment Deposit be Used as Security for a Deferred Payment Sale?
One Department of the Bank Buys a Commodity in Cash from a Customer Who Bought it by Deferred Payment from Another Department of the Bank

Bay' Wadi'ah


Istisna'


Can the Buyer Resell the Subject Matter of a Salam Sale or Istisna‘ before It Is Delivered?
Leasing Combined With Property Development
Can a Contractor Be Fined for a Delay in Completing a Job if No Damage Results from the Delay?
Can a New Contractor Take Over a Construction Project Started by another Contractor?
Can a Project Manager Invite Bids from Contractors and also Submit Its Own Bid for the Same Project?
Can an Islamic Company Build a School for a Client Who Will Run It as a Mixed-Gender Operation?
Can the Client Pay the Contractor the Full Fee That the Contractor Paid the Sub-Contractor, Plus a Certain Percentage?
Can the Customer Ask the Bank to Take His Place in a Construction Contract?
Can the End Customer Guarantee the Work of the Contractor in a Construction Contract?
Can the Public Be Invited to Invest in an Unbuilt Real Estate Project If the Land and Designs Are Ready?
Contractual Price of Istisna'a Linked to the Period of Execution
Guarantee From A Contractor
If the Customer Negotiates Design Changes after a Construction Contract Has Been Signed with the Bank, Does That Affect the Bank’s Agreement with the Builder?
Is it Legal to Combine a Construction and Lease-to-Own Contract?
Is it Permissible to Pay a Contractor a Down Payment Followed by Periodic Installments to Build a Building?
Issue Of Partial Completion in Istisna'a
Resolution No. 129 (14/3): Muqawalah and Construction Contract
Parallel Istisna’: Contractual Relationship
Permissibility Of Muqawalah in Construction
Selling Condominiums before They Are Completed
Resolution No. 50 (1/6): Real Estate Financing
Selling What is Purchased by Istisna‘ Before Its Delivery
When a Government Agency Hires a Contractor to Build Housing for Citizens, Is It Lawful for the Citizens to Request Changes to the Basic Plan if They Agree to Pay for Them?
Who Bears the Expenses for Executing New Building Code Requirements Imposed after the Construction Contract Has Been Signed between the Subcontractor and the Bank?
Who Bears the Expenses for Inadvertent Mistakes in Administering a Building Contract?
Bank entering into a real estate project as a partner participating by land and as project manager
Government addition of extra conditions after contract signature
The bank's right to obtain delay penalty
Grant the customer the option to pay cash or on deferred basis
Payment of the contractor's remuneration in full, then let the beneficiary pays it in installments and add a specific rate
Request of usury-based banks to construct institutions of their own
The bank replaces a contractor in a partially executed contracting
The bank substitutes the customer before the contractor
Discounts received by Main Contractor from a subcontractor
discounts acquired by the bank from the subcontractor
Legitimacy of subcontracting
General Provisions of Contracting Agreements in Istisna'
Addition of government stipulated conditions after signing a contract
Transfer of Istisna' contract to a third party
Bearing the consequences of the unintentional drop of some clauses given to the contractor
Istisna' applicant requested to make changes that lead to increasing the cost
Condition that Istisna' Requester to be himself the Manufacturer (Sania)
Stipulation of appointing a consultant from Istisna' Requester part
Foreign Co-education Schools Applying for Istisna'
To stipulate delegating the bank as an agent for managing manufactured commodity
Publications deferred in delivery as a subject matter of Istisna' contract
Sale of a product under Istisna' contract before its reception
Expenses made after initial approval of Istisna'
Offering manufacturing requester (Mustasna) the option between a lower spot price and a higher deferred price
Is it permissible to partially finance a client establishing a factory on Istisna' basis?
What is the Shariah opinion regarding the following Istisna' transaction?
What's the shariah opinion regarding the following Istisna' transaction?
Can this transaction be considered deferred sale and that these installments are considered as payments of deferred sale?
what is the Shariah opinion regarding this matter in Istisna'?
Is it permissible to enter into the following Istisna' transactions?
Purchasing six Boeing Aircrafts per a purchase contract for a specific value and in turn Al the company pays part of the purchase amount at contracting with Boeing company
Please advice Shariah opinion on Istisna' contract presented by the company
Using Istisna' to invest funds and ways and means to utilize this contract
Reviewing the researches received by The Islamic Figh Academy concerning Istisna' contracts
عقد استصناع يكون محله دراسة مالية او تقنية
مراجعة هامش الربح وفق تغيير سعر العائد المصرفي السائد في السوق
عقد استصناع يكون محله دراسة مالية او تقنية
مراجعة هامش الربح وفق تغيير سعر العائد المصرفي السائد في السوق
Entering Into A Construction Contract With A Conventional Bank
Can a Muslim Contractor Build a Building for a Conventional Bank?
What Is the Rule on Selling Apartments Which Have Not Been Completed When the Building Materials Are on Hand, the Land Has Been Designated and the Full Plans Have Been Drawn Up?
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 139th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 156th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 153rd Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 143rd Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 142nd Meeting
Resolution No. 107 (1/12): "Delivery and Tendering Contracts"
RESOLUTION No. 74/5/8: SHARI'A APPLICATIONS FOR THE ESTABLISHMENT OF THE ISLAMIC MARKET
RESOLUTION No. 65/3/7: "AQD ISTISNA'A" (MANUFACTURE CONTRACTS)
Resolution No. 74: The purchase and sale of crude oil by an istiṣnāʿ contract
Resolution No. 111: The purchase of metal in order to process it and sell it
Resolution No. 152: The Trade Line Scheme that the Corporation wishes to use in dealing with its clients
Resolution No. 180: Dividing the revenues of istiṣnāʿ contracts of educational facilities
Quoting Different Prices to the Client for Different Payment Periods
Purchasing Printed Material with Agreed Specifications for Deferred Delivery
Signing a Contract to Sell Something to the Government before Owning the Product
Funding Construction of a Building with a Swimming Pool
Purchasing Printed Material with Agreed Specifications for Deferred Delivery

Salam


Can Promises Be Exchanged to Conduct a Second Salam Sale upon Delivery of the Subject of the First Salam Sale?
Can the Buyer Resell the Subject Matter of a Salam Sale or Istisna‘ before It Is Delivered?
Parallel Salam
The sale of a commodity (Muslam Fih) in a Salam sale before taking possession of it
Considering the previous loan as a purchase price of Salam
General provisions of Salam contract
تنفيذ عقد السلم على صفقات
وجود عيوب في السلعة في حالة السلم
عقد السلم والغاء ازالة الغبن وترك أمر الفصل فيه حسب الاتفاق مع العميل
قواعد وأحكام بيع السلم
مراجعة هامش الربح وفق تغيير سعر العائد المصرفي السائد في السوق
تنفيذ عقد السلم على صفقات
وجود عيوب في السلعة في حالة السلم
عقد السلم والغاء ازالة الغبن وترك أمر الفصل فيه حسب الاتفاق مع العميل
قواعد وأحكام بيع السلم
مراجعة هامش الربح وفق تغيير سعد العائد المصرفي السائد في السوق
A Call Option on a Commodity
Is It Permissible for the Buyer in Salam Contract to Sell the Goods Purchased to a Third Party Who Will Take His Place in the Contract?
RESOLUTION No. 85/2/9: 'AS-SALAM (FORWARD SALE WITH IMMEDIATE PAYMENT) AND ITS MODERN APPLICATIONS
RESOLUTION No. 74/5/8: SHARI'A APPLICATIONS FOR THE ESTABLISHMENT OF THE ISLAMIC MARKET
Resolution No. 72: The Corporation’s commitment, by a promise, to sell a commodity of certain specifications. The promise is fulfilled by delivering the commodity purchased through a salam contract or another contract.
Resolution No. 74: The purchase and sale of crude oil by an istiṣnāʿ contract
Resolution No. 152: The Trade Line Scheme that the Corporation wishes to use in dealing with its clients
قرار رقم 147 (5/16) بشأن السلع الدولية وضوابط التعامل فيها
In a salam contract, to what extent is the buyer allowed to obtain a promise to buy at a specific price from a third party
Salam: Mitigating The Risks Of Changes In Circumstances
The Issue Of Pricing The Subject Matter Of A Forward Sale Contract
Selling The Subject Matter Of Salam Before Its Possession
Purchasing Printed Material with Agreed Specifications for Deferred Delivery
Signing a Contract to Sell Something to the Government before Owning the Product
Purchasing Printed Material with Agreed Specifications for Deferred Delivery

Sarf


The Purchaser Opens an LC for Delayed Payment in a Foreign Currency; the Bank Gives a Better Rate for Holding the Money till the Payment
The Bank Charges a Fee for an LC as Compensation for Missing out on the Difference in Currency Exchange Rates
Can the Bank Inform the Investor of His Expected Profit in Commodity Murabahah with Variations Based on the Currency Used?
Contract Of Sale And Currency Trading
A Forex Option
A Promise of Parallel Purchase and Sale of Gold
A Promise to Buy or Sell Currency at a Future Date
A Promise to Buy or Sell Gold or Silver at a Future Date
Are Currency Option Contracts Legal?
Can a Murabahah Deal Be Combined with a Foreign Currency Exchange?
Can the Bank Use Two Different Rates to Sell Foreign Currency?
Charging One Price for a Simple Sale of Foreign Currency and another Price for a Foreign Exchange plus Remittance
Depositing Gold with a Moneychanger and Authorizing Him to Sell It to Himself or Someone Else on Behalf of the Depositor
Exchanging a Deferred Payment Bond in a Currency Other Than the Currency Used to Issue the Bond
Extent Of Permissibility Of Trading In Currencies
Forward Foreign Currency Transaction
Giving a Customer Facilities to Buy Foreign Currency
Is It Permissible for Two Parties to Agree to a Currency Exchange at a Price Different from the Prevailing Rate?
Is it Permissible to Charge a Fee for Cashing a Check in a Foreign Currency?
Is It Permissible to Settle an Undeferred Liability in Gold with Cash?
Is the Exchange of Two Different Currencies Considered Like an Exchange of Gold for Gold?
Mitigating The Risk Of Foreign Exchange Fluctuations
Paying for a Foreign Currency Purchase by Offsetting a Debt
Right To Buy Currencies
T+2 Delivery in Foreign Exchange Transactions
Using an Overdraft Facility at a Bank to Buy Foreign Currency
Which Day’s Exchange Rate Should Be Used in Repaying the Bank for Withdrawals on a Bounced Foreign Check?
Who Should Bear the Exchange Difference when Cashing a Check in a Foreign Currency?
A Promise to Sell Currency in the Future
What is the Shariah Ruling on a Bilateral Promise to Buy a Certain Amount of a Specific Currency at a Fixed Price During a Specified Period?
Is It Permissible for KFH to Enter into a Foreign Currency Contract with a Client Who Also Ordered KFH to Purchase Goods from a Foreign Seller and Sells them to Him on Deferred Basis?
Charging a Fee for Travelers’ Checks in a Foreign Currency
Providing Customers No-Interest Loans to Trade Currency for Profit
Selling Traveler’s Checks
Which Day’s Exchange Rate Should Be Used in Charging the Customer in a Murabahah Sale?
Borrowing Gold to Sell It; with Periodic Settlements with the Original Owner
Can a Creditor Make His Loan Conditional on the Borrower Buying from or Selling to the Creditor?
Can a Customer Islamically Transfer a Traveler’s Check to Another Person in the Same Currency?
Can an Islamic Bank Give an Interest-Free Loan to a Company That Plans to Use It for Currency Speculation?
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 160th Meeting
RESOLUTION No. 102 (5/11): CURRENCY TRADING
Resolution No. 65: Repurchasing checks issued by the Corporation to correspondent banks overseas
Resolution No. 66: Purchasing checks issued in foreign currencies drawn on overseas banks
Resolution No. 69: Collecting checks issued by local or overseas banks
Resolution No. 105: The permissibility of borrowing in deutsche marks and lending in US dollars to avoid price volatility
Resolution No. 110: Selling foreign currencies to clients for less than the market price in order to encourage them to deal with the Corporation
Resolution No. 159: The Corporation selling gold, silver and currencies to its clients
Buying Commodities in One Currency and Selling it in Another Currency
Can a Murabahah Deal Be Combined with a Foreign Currency Exchange?
The Seller Wants to Sell in the Local Currency but the Buyer wants to Record the Sale in a Foreign Currency
استثمار البنك ودائع العملاء بالعملة الصعبة وردها بالعملة نفسها
عمولة صرف عملة
مشروعية شراء دولار الحوالات بالدولار النقدي
مشروعية تداول العملات في عمليات الصرف قبل تقييدها حقيقة في الحساب
نكول الواعد بالشراء في شراء العملات
عقد الصرف الآجل
إجراء عمليات الشراء الآجل للعملات الأجنبية (Forward)
الصرف المؤجل للعملات المختلفة الجنس
بيع البنك عملة أجنبية لجهة ما بسعر يحدد مسبقًا
قيام البنك بإيداع وديعة لدى أحد البنوك الذي يبيعه أجنبية بسعر شراء البنك المركزي
An Islamic Bank Has Multiple Accounts in Different Currencies with a Foreign Bank, Some Overdrawn and Some with Positive Balances
If a Customer Cashes a Cheque Drawn on a Foreign Bank, Should the Exchange Rate Be from the Day of Cashing or the Day the Cheque Clears?

'Inah


Bai' 'Inah Transactions In The Money Market
Is It Permissible for KFH to Buy Back a Real Estate Property That Was Sold to a Customer on Deferred Payment Basis?
Can a Seller of Goods by Delayed Payment Buy Some of Them Back from the Buyer by Cash Payment?
Is It Permissible for KFH to Purchase Goods Back from the Bank and Then Sell Them to the Same Customer Who Could Not Afford to Pay the Bank for It When the Commodity Arrived?
When Does It Become bayÑ al-ÑÊnah If KFH Sells a Good for a Deferred Payment and Then Buys It After That for a Cash Payment?
Is It Permissible to Finance a Deal in Which There Exist a Suspicion of Bay’ Inah?
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 148th Meeting
The Purchase Undertaker by Deferred Payment Wants to Sell the Good before Completing the Payments
Pre-murabahah Transaction
Murabahah Transaction With A Foreign Company
Murabahah With Exporting And Importing Companies
Revisiting The Rulings On Bai' 'Inah
In a salam contract, to what extent is the buyer allowed to obtain a promise to buy at a specific price from a third party
A Sale and Buy Back without Collusion or Prior Agreement
A Sale and Buyback Deal on Real Estate
Buying a Good When the Importer Can’t Pay for It; Then Selling it to Him
Buying from a Subsidiary and Selling to the Parent Company
When Manufacturing Occurs between Sale and Buy Back
The Agent Buys the Good Back from the Principal
Sale and Buy Back without Stipulation
One Department of the Bank Buys a Commodity in Cash from a Customer Who Bought it by Deferred Payment from Another Department of the Bank
One Department of the Bank Buys a Commodity in Cash from a Customer Who Bought it by Deferred Payment from Another Department of the Bank

Ijarah


Resolution No. 137 (3/15): Sukuk Al-ijarah
A Client Pays Full Rent at the beginning of the Month but Leaves in the middle
A Tenant Requests Early Termination of a Lease Agreement
Appointing Lessee to Buy Insurance on the Leased Asset
Buying an Asset That Is Leased to a Third Party
Can a Building Be Rented Out before It Is Built?
Can a Contractor Sub-Contract a Job?
Can a Fee Be Charged to Transfer a Lease Agreement from One Tenant to Another?
Can a Landlord Give Selective Discounts to Some Renters?
Can a Tenant Cancel a Lease Agreement before Using the Usufruct?
Can One Partner Lease his Half of a Jointly Owned Asset to Another Partner?
Can the Building Owner Pay Tenants to Leave before the Lease Expires?
Can the Lessor Invest the Tenant’s Security Deposit?
Can the Lessor Unilaterally Modify the Lease to Pass on Increased Costs?
Can Usufruct or a Service Be Purchased and Then Resold to a Third Party?
Does the Client or the Contractor Have the Right to the Subcontractors’ Reduction of Charges after the Bid Has Been Accepted?
Does the Manager of a Real Estate Portfolio Have to Pay the Investors Rent for the Use of Office Space in a Portfolio Building?
Financing Interval
Gifting an Asset at the End of a Lease
Hibah In Al-Ijarah Thumma Al-Bai’
Leasing an Asset to Someone Who May Use It for Unlawful Acts
Leasing Combined With Property Development
Insurance Expenses Paid by Lessee
Leasing Fund: Calculating Zakah
Maintenance Expenses: Maximum Allowable Amount
Penalty on Non-Fulfillment of Ijarah
Renting Property to a Non-Muslim Embassy
Selling or Buying Something Leased to a Third Party
Setting the Sale Price of a Hire-Purchase Property before the Sale
Sublease
Using a Brokers to Find a Lessee
When Land Is Rented to Build a Piece of Property upon It, When is the Rental Fee Assessed?
Who Is Liable for Damages to Rental Property?
Zakah on Leased Asset
Some examples of Shariah observations in relation to some conventional Ijara Wa AlEqtina contracts
Estimation of Rent in Ijarah Wa Iqtina
Transfer of ownership in lease ending into ownership
Demonstration of the Sharih origins of Ijarah Wa Iqtina (Lease ending into ownership)
The outcome of lease ending into ownership - Ijarah Muntahia Bittamleek
Types of lease ending into ownership (Ijarah Muntahia Bittamleek)
Features of financial lease
Lease of the leased asset
Group Shariah opinion (Fatwa) on re-lease
Termination of lease
Entitlement in lease
Rules of invalid Ijarah
Provisions of proper Ijarah
Ijarah being binding or not:
Types of Ijarah according to the leased asset:
Maintenance of the leased asset (Ayn)
Lessor and Lessee Consequential Commitments
Rental
Pillars of Ijarah
Description of Ijarah (Charging ruling & Evidence)
Ijarah definition
شراء البنك آليات وتسجيلها باسمه وتأجيرها للغير
شراء البنك آليات وتسجيلها باسمه وتأجيرها للغير
Resolution No: 13 (1/3)[1]: Concerning The Islamic Development Bank’s inquiries
Can a Seller Stipulate That the Buyer Lease the Property to Him after Purchasing It?
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 151st Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 145th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 140th Meeting
Can Someone Who Finds Clients to Lease Property Charge a Fee for Doing so?
Car Rental Ending in Partial Transfer of Ownership
If the Manager of a New Building Doesn’t Consider Key Money Lawful, but the Owner Does
Is It Allowed to Rent a Building to Employees of an Interest-Based Bank?
Is It Allowed to Rent a Property to an Interest-Based Bank?
RESOLUTION No. 76/7/8: PROBLEMS OF ISLAMIC BANKS
Resolution No. 73: Leasing a specific asset (from a certain party) for a specific period of time and subleasing the same asset to a third party
Resolution No. 107: Leasing out part or all of a piece of property owned by the Corporation
Resolution No. 108: Purchasing leased assets and equipment
Resolution No. 112: The permissibility of transferring the title of the leased property to the lessee and perfecting a lien on the property
Resolution No. 114: The permissibility of the lessee participating in the profit or loss when the leased asset is sold
Can a Building on State-Owned Land Be Sold by Murabahah without the Land It Sits on?
TIME SHARING قرار رقم 170 (8/18) بشأن عقد التملك الزمني
رهن محل تجاري للبنك وتمكينه من الانتفاع بنصف مردود المحل المرهون
Ensuring Proper Separation Of Contracts
Resolution No. 2 (2/2): Concerning Zakah on Real Estate and Non-Agricultural Leased Land
The Seller Stipulates That the Buyer Lease Back the Purchased Item to the Seller
House Purchase by Diminishing Partnership
What is the Ruling on ‘Key Money’?
Lending Someone Money to Pay a Key Money Fee

Islamic Financial System ©

 

 


I-FIKR Sponsors