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SEMESTER FALL 2017

Islamic Modes of Financing (FIN624)

GDB No. 1

Murabaha

Learning Objective:

The objective of this activity is to enable the students in understanding the ‘Concept of Murabaha and its Practical Application”.

Discussion Question:

Most of the Islamic banks and financial Institutions are using ‘Murabaha’ as an Islamic Modes of Financing and most of their financing operations are based on ‘Murabaha’. That is why the term has been taken in economic circles today as a method of banking operations.

Suppose a client ‘A’ approaches bank ‘B’ to purchase a machinery. The bank ‘B’ purchases the machinery from supplier ‘C’ and sale to client ‘A’ on the basis of Murabaha without disclosing the cost. You are required to answer the following questions.

  1. Is this transaction valid?
  2. If, ‘Not’ on which grounds?
  3. What would be the valid transaction process in the above scenario?

Important Instructions:

  1. Your discussion must be based on logical facts.
  2. Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
  3. Obnoxious or ignoble answer should be strictly avoided.
  4. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
  • For Detailed Instructions please read the GDB Announcement

Views: 400

Replies to This Discussion

aoa,

any solution 

a) i think its not valid transaction.
b) because in murabaha financing it is necassery to disclose the cost of the commodity which buyer purchase, its the responsibility of the seller to tell the actual aquiring cost to obtain profit..
c) the valid transaction process for murabaha would be, that buyers knows the subject which exist. Also knows the discloure cost..

no. it is not necessary to disclose the cost.

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