Charging an Amount against Delay of Murabaha Installments In light of the COVID-19 Pandemic Circumstances

 248


Background
- Customers of Islamic financial institutions enter into Shari’ah compliant financing facilities with Islamic banks which generate a financial liability in the form of deferred price of Murabaha which is settled via periodic outstanding installments of the debt (the “Outstanding Installments”).
- During the current scenario of the COVID-19 pandemic, the Shari’ah ruling about charging an additional amount for a delay in settling the Outstanding Installments is discussed.


 

user_id not set
bool(true)
string(1) "1"

 

Unfortunately your account does not have the necessary access level to continue. We would like to suggest that you upgrade account to enjoy more benefits on this website.


Comments

( No comment has been added. )

 

ADVERTISEMENT