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6.8.10

Commodity murabaha: does it violate Islamic norms? Note

Commodity murabaha: does it violate Islamic norms? Note
Hasan, Zubair (November 2008)
INCEIF

Abstract: "Recently commodity murabaha has run into disrepute due to court decisions going against the use of this instrument in Islamic banks. This brief note argues that at fault has been the structure of contracts and the excessive use of the instrument. In principle, commodity murabaha is doubtless rooted deep in the Islamic Shari’ah."


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