Musawamah

Musawamah (bargain sale) is defined as a sale contract without disclosure of the cost price and profit margin. Hence, the price is determined by bargaining without reference to the item's cost to the seller.

Total Fatwas : 29
No. Title
1 Is It Permissible for a Person (Principal or Agent) to Quote a Price for Goods Before Taking Ownership of Them?
2 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?
3 Can a Bank Choose to Execute a Sale at a Negotiated Price Rather Than Cost Plus Markup?
4 Is It Allowed for KFH to Purchase a Commodity from a Company Which Has Already Promised to Enter into a Deal with a Buyer?
5 Resolution No. 174: Adding a profit rate to the price quote of a commodity that the client wishes to purchase in murābaḥah
6 Can a Contractor Renegotiate to Get a Lower Price from Its Subcontractors without Passing the Discount to the Customer Who Accepted Its Original Price?
7 Can the Murabahah Seller Raise the Markup if the Deal Involves Advance Payment That Will Extend the Deal’s Timeline?
8 If the Goods Arrive before the Documents, and the Intermediate Seller Doesn’t Know the Actual Price, Can the Deal Be Switched to Musawamah?
9 Making the Original Seller the Bank’s Agent to Sell the Purchased Products to a Previous Prospective Customer
10 Must the Intermediate Seller in Murabahah Pass a Discount on to the Purchase Undertaker?

 

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