Issues and Challenges

The Islamic Capital Market (ICM) operates alongside the conventional financial system in which many of its supportive institutions either do not exist or are underdeveloped. For further details see: ISLAMIC CAPITAL MARKETS: Principles & Practices.


Can the Bank Inform the Investor of His Expected Profit in Commodity Murabahah with Variations Based on the Currency Used?
Is It Permissible for Two Parties to Agree to a Currency Exchange at a Price Different from the Prevailing Rate?
Contractual Price of Istisna'a Linked to the Period of Execution
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?
The price of the purchased commodity (Muslam Fih)
Change of the contract price due to additions in the required work
Is It Permissible for KFH to Round the Fractions Off to the Nearest Whole Number Profit Rate or Should KFH Take the Percentage as It Is?
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 Increase the Rate of Murabahah in Upcoming Deals with a Customer Who Frequently Make Late Payments of the Murabahah Installments?
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 a Person (Principal or Agent) to Quote a Price for Goods Before Taking Ownership of Them?
Agent = Buyer = Seller
Is It Permissible to Add a Ratio to the Price Against Any Delay in Payment But in Case Payment Is Completed on the Due Date This Ratio Would Be Discounted for the Customer?
Is It Permissible to Advertise a Deferred-Payment Sale by Mentioning the Spot Price and Deferred Price of a Particular Commodity?
Dollars Are Purchased at Different Prices on the Same Day; Which Price Should the Customers Be Charged?
Ibra’ In Variable Rate Bai` Bithaman Ajil Product
A Discount for Accelerated Payment in a Delayed Payment Contract
A Shari‘ah-Compliant Alternative to an Option Contract
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?
What is the Shariah View on How to Calculate the Sale Price in a Murabahah Transaction?
SETTING TRADERS’ PROFITS by Dr Yūsuf al-Qaraḍāwī
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?
Charging the Purchase Undertaker for Assembly of Purchased Equipment
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?
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?
Increasing the Profit Rate on Subsequent Murabahah Deals Due to Late Payments in Earlier Deals
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
Shortfall in a Good Sold by a Calculation of the Amount
The Buyer Discovers a Defect in the Goods
The Intermediate Seller Lacks Detailed Knowledge of the Imported Goods
The Purchase Undertaker Does Not Want the Intermediate Seller to Incur Added Expenses for Insurance against Certain Risks (1)
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
معالجة عمولات فتح الاعتمادات/ التحصيل في حالة تمويل المرابحة الخارجية
عمولة الموردين عن السلع المبيعة
تحمل المشتري البضاعة المراد شراؤها بالمرابحة
إعطاء الموظفين قروضًا حسنة أو تمويلهم بربح أقل
تحويل عملية مرابحة فاسدة إلى قرض حسن
Incidental Murabahah Expenses
Owning Goods Before Selling It
Revision Of Murabahah Price
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?
When the Customer Can Be Charged for Shipping and Insurance
When the Purchase Undertaker Is a Distribution Agent for the Exporter
Debts Where Shares Are The Subject Matter
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
The Issue Of Pricing The Subject Matter Of A Forward Sale Contract
A Penalty Clause for Delay in a Murabahah Contract
Resolution No. 46 (8/5): The Maximum Profit Margin For Traders
Paying for Real Estate with a Combined Payment of Cash and Real Estate
Offering a Discount for Paying on Time in a Deferred Purchase Sale
Quoting Different Prices to the Client for Different Payment Periods
Who Bears Unexpected Demurrage Charges in a Murabahah Contract?
Purchasing Printed Material with Agreed Specifications for Deferred Delivery
Should a Sale Contract Clarify Whether the Sale is Murabahah or Musawamah?
If a Customer Cancels the Sale of His Used Car to the Bank after the Title Has Been Transferred, and the Bank Allows It, Can the Bank Charge Him for the Inspection Expenses It Incurred?
Can the Bank Stipulate That the Purchase Orderer Pay Administrative Fees in Addition to the Cost of the Good and the Profit Markup?
Who Bears Liability for Goods Returned Due to Defects?
Can a Car Dealer Charge the Bank a Commission for Referring a Prospective Buyer to the Bank?
Can the Rental Fee in a Lease Contract Be Variable if the Amount for Each Period Is Pegged to an Established Standard That Does Not Lead to Dispute?
Is It Allowed To Keep the Difference between the Agreed and Actual Construction Costs, or Must This Amount Be Returned to the Customer?
Who Bears the Difference When There Is an Increase or Decrease in the Construction Cost in an Istisna‘ Contract?
What Is the Ruling if Different Currencies Are Used in Parallel Istisna‘ Contracts?
What Is the Shari‘ah Ruling on Charging a Fee to Issue a Bank Draft?
Can a Bank Charge a Fee to Print out an Account Statement or Receive a Wire Transfer on Behalf of a Customer?
Some Aspects of Two Contracts in One
Is It Allowed to Count in a BBA Contract the Increase of Market Value of the Asset?
Is Allowed in BBA that the Sale Price Shall be Determined at the Time of Transferring any Part of The Land’s Ownership?
What is the Price to be Written in the Contract of Murabaha?
Is it A Must to Declare the Actual Rate of Return Paid by the Customer in BBA?
What are the Rulings of Providing Special Advantage to Customers of Murabahah?
Is it Allowed to Oblige Customers to Give Donations trough Additional Amount on sale Price?
Is it allowed to charge fees for some of KFH’s financial services which consume employees’ time and effort?
Is it allowed to invest in petroleum products through murabahah (mark-up sale) contracts?
Is it Allowed to Directly Pay the Broker his fee without KFH Involvement?
Is it Allowed to Lease a Real Estate Property for 5 years with Option to Purchase the Real Estate at any time during the Lease Term?
Is it permissible to charge a fee for the services rendered by our staff in evaluating the property and participating in an auction, irrespective of whether we win the bid?
Is it permissible to buy a commodity in order to sell it to a client at a price higher than its true value providing that the client will pay the difference?
What is the Ruling on Having a Lease Agreement for a Real Estate Property but with Different Rent Values?
What is the Ruling on This Proposed Structure of ijarah muntahiyah bi al-tamlik for Lands or Real Estates?
What is the Fatwa Committee’s Opinion on the Enclosed Copy of an ijarah muntahiyah bi al-tamlik Agreement?
What Is the Price that Should be Paid in Case the BBA Contract is Deemed Invalid?
Is it Allowed to Purchase a Land upon which Villas are Being Constructed and Re-Sell The Land alone to Customers?
Is It Allowed to Terminate the Contract of BBA That Began To Give Effects of Ownership to Enter in a New BBA with the Same Customer?
Assignment of Weightage
Mechanism in Determining the Amount of Settlement Price in Financial Market
Restructuring and Rescheduling in Islamic Financing Agreement
Undetermined Sale Price in Sale and Purchase Agreement
Is it Permissible in Murabahah to Apply the Scale of Direct Proportionality for Profits Based on Time, And to Authorize the Seller as an Agent to Execute Murabahah Sale Transaction?
Is it Permissible in Murabahah to Apply the Scale of Direct Proportionality for Profits Based on Time, And to Authorize the Seller as an Agent to Execute Murabahah Sale Transaction?
Is it Permissible in Murabahah to Apply the Scale of Direct Proportionality for Profits Based on Time, And to Authorize the Seller as an Agent to Execute Murabahah Sale Transaction?
What's the Shariah Opinion Regarding the Proposed Amendments to the Murabahah to the Purchase Order Contract Concerning the Rates, Commissions, Currency Differences and Postal Fees?
What's the Shariah Opinion Regarding the Purchase of Vehicles from Suppliers in Order to be Sold to Clients on the Basis of Murabahah?
What's the Shariah Opinion Regarding the Purchase of Household Equipments from Suppliers in Order to Be Sold to Clients on the Basis of Murabahah?
What's the Shariah Opinion Regarding the Murabahah to the Purchase Order Financing in Foreign Currency?
What’s the Shariah Opinion Regarding Setting the Price of Good on the Day the Contract is Signed and Then This Price Will Be Adjusted to Determine the Final Price?
What’s the Shariah Opinion Regarding the Amendment to Profit Percentage of Financing Limits Contract According to Market Variables?
Is It Allowed to Add a Given Amount of Money to a Sale Contract in Order to Cover the Expenses of Services That Customers Request KFH to Carry Out After the Sale Process is Completed?
Inclusion of Bank Employees Costs in Murabahah Transactions
Basis of Charging Selling Price to the Client in Murabahah Transactions
Customs Clearance Cost in Murabahah Transactions
Offering Special Prices to Certain Categories of Clients in Murabahah Transactions
Addition of Profit in Return for Advance Payment to the Exporter in Murabahah Transactions
Adding additional Cost Value in Murabaha Transactions that Include Services in Murabahah Transactions
Client Benefiting from Commissions Given to the Bank in Connection with Murabaha credit
Adding Bank Departmental Commissions to the Commodity Price in Murabahah Transactions
Dropping Compensation Amount Paid by Insurance Company from Commodities Value
Adding Demurrage Charges to Commodity Cost in Murabahah Transactions
Purchase Orderer Benefiting from Discount Granted to the Bank in Murabahah Transactions
Charging Against Insurance in Murabahah Transactions
Charging Distribution Agent Commission in Murabahah Transactions
Charging of expenses which Appear after the Murabaha Contract
Commodity Storage Expenses and Demurrage Penalty etc. in Murabahah Transactions
Re-evaluation of Commodity in Murabahah Transactions
The Price of a Commodity Bought by the Bank in Murabahah Transactions
Deferred Installments Paid in Foreign Currency and Determination of Exchange Rate on the Date of Arrival of Documents
Solutions to Settle the Murabaha Debt
The Binding Nature of Promise in Murabahah Transactions
Amending the Profit Margin in Murabahah Transactions
Bases and Rules of Profit Determination in Murabahah Transactions
Calculation of Profits According to the Number of Days During which Payment is Made
How to Determine the Price and Profit in Case of Difference in Credit Currency
Calculation of Profit for Advance Payments Offered to the Exporter
Determination of the Percentage of Profit in the Purchase Promise
Increasing the Margin in Return for Deferral of Payment
Addition of Insurance Installments in the Value of the Commodity
the Difference between the Currency of the Credit and the Currency of the Murabaha
Agreement to Sell the Goods to the Bank at a Price Less than their Value and then the Client Pays the Difference
Calculation of Profits on Insurance Service
Profit on the Service Associated with the Commodity
Method for Determining the Margin in Murabahah Transactions
To Determine the Percentage of Profit in the Purchase of Murabahah Transactions
تنفيذ عقد السلم على صفقات
مراجعة هامش الربح وفق تغيير سعر العائد المصرفي السائد في السوق
تحديد الايجار سلفا بأجرة المتر المربع للبناء المتفق على انشائه
تمديد عقد الإيجار المنتهي بالتمليك بطلب من العميل مع زيادة مبلغ الإيجار
جواز أخذ الأجرة عن تمديد مدة الاعتماد المستندي
الموافقة على خصم الاعتماد مؤجل الدفع من البنك المراسل
شراء بضائع مرابحة بموجب اعتمادات مستندية
قيام البنك ببيع جزء من حصصه في المساهمة في المشروع في المستقبل لأشخاص آخرين بسعر أعلى من القيمة الاسمية
الضابط لإعادة بيع حصة البنك للعميل عند مشاركته بأصل من عنده
تمويل المشاركة المتناقصة على أساس تحديد أجرة المتر المربع من البناء
مشاركة البنك أحد العملاء في عقد المشاركة بالأرباح إذ إن التمويل من جانب البنك وتصريف البضاعة من جانب العميل
Ijarah Contract with Floating Rental Rate
مراجعة هامش الربح وفق تغيير سعد العائد المصرفي السائد في السوق






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