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


- 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.


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